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Trump to raise tariffs on China by another 5% as trade war escalates

ActionForex
By ActionForex

In a second series of furious tweet yesterday, US President Donald Trump announced to raise tariffs on China, in response the latter’s retaliation announced earlier in the day. Starting on October 1, tariffs on USD 250B in China imports will be raised from current 25% to 30%. The rate of the planned tariffs, to take effect on September 1, on USD 300B of Chinese products, will be raised from 10% to 15%.

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