China, United States and tariffs
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El Paso Times |
On Friday, China retaliated by imposing reciprocal 34% tariffs on all imports from the United States.
USA Today |
Trump said Wednesday he will pause reciprocal tariffs for 90 days to more than 75 U.S. trading partners except for China, whose tariff rate he said will increase to 125%, effective immediately.
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Commerce Secretary Howard Lutnick said President Trump "wasn't kidding," and his reciprocal tariffs will take effect later this week.
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