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Stocks in Asia plummet after signal that US will hike import tax to 25%, dealing blow to hopes of a lasting deal
Donald Trump has escalated the trade war with China by announcing plans to hike the tariff imposed on $200bn of Chinese goods from 10% to 25% on Friday.
The US president also threatened to impose tariffs on all Chinese trade with America, a move that could further destabilise relations between the two economic powers.
Continue reading...from US news | The Guardian http://bit.ly/2VLfA7w
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