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China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump's latest planned increase, deepening a conflict over trade and technology that threatens to tip a weakening global economy into recession. China also will increase import duties on U.S.-made autos and auto parts, the Finance Ministry announced. It gave no details of what goods would be affected but the timing matches Trump's planned duty hikes.
Continue reading China announces tariff hike on $75 billion of US products
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