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China Announces $50 Billion in Retaliatory Tariffs on US Goods

China announced Wednesday it plans to impose tariffs on $50 billion worth of U.S. goods in response to a similar package announced by the United States. The Chinese measures would boost tariffs by 25 percent on 106 U.S. products, including soybeans, aircraft and cars. China's commerce ministry responded with its own measures less than 11 hours after the U.S. issued a proposed list of Chinese goods. The ministry said the question of when the measures will go into effect will depend...

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