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'No one will win a trade war,' China says after Trump tariff threat

  • Donald Trump announced a 25% tariff on all products from Canada and Mexico, along with a 10% tax on goods from China, starting on the first day of his administration.
  • The tariffs could significantly raise prices for American consumers on various goods, including gas and automobiles, according to Trump.
  • Trump stated that the tariff would stay in place until illegal immigration and drug issues are resolved.
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