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China to raise tariffs on US goods from 34% to 84% in response to Trump tariffs
- The trade war escalated on Wednesday as China imposed retaliatory tariffs on US goods.
- President Trump's initial tariffs on various trading partners prompted this escalation.
- Beijing increased levies to 84%, responding to Trump's duties that included 104% on some Chinese goods.
- Trump stated, "This is a GREAT time to move your COMPANY into the United States of America," urging swift action.
- Global markets reacted negatively with stock market declines, raising recession fears amid the ongoing trade tensions.
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China raises tariffs on US goods to 84% as trade rift worsens
China retaliated against new tariffs imposed by President Donald Trump by announcing it would raise duties on U.S. goods, roiling markets and deepening a trade war between the world’s largest economies. The Chinese government will impose an 84% tariff on all imports from the U.S. starting April 10, the Finance Ministry said in a statement Wednesday. China’s move came hours after America’s steepest tariff in a century went into force, taking Trum…
·United States
Read Full ArticlePresident Trump Has China Dangling Over a Massive Tariff Cliff
·Washington, United States
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Total News Sources522
Leaning Left79Leaning Right62Center161Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 26%
C 53%
R 21%
Factuality
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