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US tariff

China vows to retaliate in response to latest US tariff measures

BEIJING: China plans to impose tariff measures of similar size and intensity in its bid to fight back against the United States, as the world’s two largest economies engage in a bitter trade dispute. The comments by the country’s commerce ministry came within minutes of US President Donald Trump’s announcement that the United States would adopt a 25 percent tariff on $50 billion of goods from China related to intellectual property and technology, and pledged further levies if China took retaliatory steps. “China is…