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China Increases Tariffs on US Products, Effective Immediately

China has increased import duties up to 25 percent on a list of U.S. goods, including pork, fruit and other products, amounting to $3 billion. The tariffs, which took effect immediately on April 2, were announced late Sunday by China's finance ministry, who said the country was responding to a U.S. tariff hike on steel and aluminum that took effect on March 23. China's Ministry of Commerce said in a statement Monday it was suspending its obligations to the World Trade...

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