Source: Chris Clayton, PROGRESSIVE FARMER, 8/23/19

President Donald Trump late Friday afternoon tweeted that higher tariffs would be slapped on Chinese products, following similar action against U.S. products announced by China earlier Friday. The president reiterated in a tweet China continues stealing intellectual property to the tune of hundreds of billions of dollars. Trump then said $250 billion in Chinese products now subject to 25% tariffs will instead face a 5% higher tariff starting Oct. 1, putting the tariffs for those products at 30%.

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