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US and China embark on trade war
July 6, 2018
Source: CNBC

US and China embark on trade war

The open trade war between US and China today began with both the parties levying import tariffs on each other’s goods. While US imposed a 25% tariff rate, Xinhua reported that Beijing levied the same rate on US goods. The new US tariffs will be applicable to $34b of annual Chinese imports. Beijing imposed the tariffs immediately after US import tariffs kicked in.

   Read More About : China Oil Import US Trade
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