China retaliates against new U.S. tariffs

As expected, China has responded to Friday’s tariff increases by the Trump Administration with some counter-tariffs of its own.  China announced this morning it will retaliate with tariff hikes on nearly 60-billion-dollars-worth of U.S. goods.  The new retaliatory tariffs will affect more than 5,000 U.S. products and will jump from less than 10% to as …

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