U.S and China Exchange Tariffs on Imports Worth Billions

www.bloomberg.com

Trump outlined fresh tariffs on $50 billion of Chinese imports at a 25% duty tax rate. China announced tariffs on $3 billion of imports from the U.S., including products from steel to pork, after Trump’s move to order levies on a range of Chinese goods. Meanwhile, business groups representing companies like Walmart Inc. to Amazon.com Inc. are warning U.S. tariffs could raise prices for consumers and sideswipe stock prices.

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