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US to impose tariffs on $200 bn in Chinese goods: reports

WASHINGTON: US President Donald Trump has decided to impose tariffs on $200 billion in Chinese imports and could make the announcement in the coming days, US media reported. Citing anonymous sources, The Washington Post and The Wall Street Journal reported that the tariffs would be set at 10 per cent. Trump has already imposed 25 per cent tariffs on steel imports and 10 per cent on aluminium, as well as 25 per cent on $50 billion in goods from China. The prospect of new tariffs undercuts hopes of an imminent…

Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back

WASHINGTON/ BEIJING: U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the world’s two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind. Trump laid out a list of more than 800 strategically important imports from China that would be subject to a 25 percent tariff starting on July 6, including cars, the latest hardline stance on trade by a U.S. president who has already been…