Trump's tariff hike on Chinese goods takes effect as the two sides keep talking
WASHINGTON - Sharply raising the stakes in the trade battle with China, the Trump administration moved ahead with plans to significantly hike tariffs on imports from that country - even as U.S. and Chinese negotiators continue to talk in Washington in hopes of reaching a deal.
As of Friday, tariffs on $200 billion in products from China - including electronics, medical devices, seafood, clothing and handbags - will go up from the current 10% to 25%. The new tariff move was expected to be met with retaliatory measures from China.
The onset of new duties ends a ceasefire agreed to by Trump and Chinese President Xi Jinping six months ago after a series of tit-for-tat tariff actions. And it increases the odds of a full-on trade war
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