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Trade war

China depletes its ammunition belt with latest tariff threat

Watching his back at home, Xi takes aim at American LNG

Chinese President Xi Jinping is caught between political pressure to retaliate against U.S. tariffs and dwindling options for doing so.   © Reuters

BEIJING -- China has threatened new tariffs on $60 billion in American products amid signs of President Xi Jinping running out of options as pressure on him to act mounts in a particularly sensitive political season.

The inclusion of American liquefied natural gas in the top tier for an additional 25% of duties shows just how badly relations have deteriorated since U.S. President Donald Trump's visit to Beijing last November, when China shut down the Forbidden City to entertain him with a private dinner there.

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