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U.S.-Chinese Trade War Keeps on Escalating

May 10, 2019

The U.S. is continuing its trade war with China in 2019. Today, a tariff hike from 10 to 25 percent on US$200 billion worth of goods that had been put off since January took effect. After a truce and renewed talks between Beijing and Washington, which brought about no resolution, the Trump administration followed through with their plan to hike up the tariffs. Chinese officials were quick to reply that they would follow suit.

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U.S.-Chinese Trade War Keeps on Escalating