US tariff increase on $200B of Chinese imports takes effect
Story Date: 5/10/2019

 

Source: WRAL, 5/10/19

President Donald Trump's latest tariff hikes on Chinese goods took effect Friday and Beijing said it would retaliate, escalating a battle over China's technology ambitions and other trade strains. The Trump administration raised import taxes on $200 billion of Chinese imports from 10% to 25%. China's Commerce Ministry said would take "necessary countermeasures" but gave no details.

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