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Trade war

China runs low on ammo as it readies retaliatory tariffs

Limiting Hollywood movies and restricting students possible next steps for Beijing

While Chinese tariffs have put pressure on key U.S. industries, Beijing is running out of ways to respond to U.S. escalation.

BEIJING/NEW YORK -- China's plan to raise retaliatory tariffs on $60 billion of U.S. products next month aims to pile more political pressure on U.S. President Donald Trump, but it underscores Beijing's lack of options as Washington prepares its next salvo in the trade war.

Duties on about 5,200 American items will rise from 5-10% to between 10% and 25% as of June 1. The top rate of 25% will be levied on 2,493 items, including liquefied natural gas, lumber, wine and nuts. The move comes in response to the U.S. raising a 10% tariff on $200 billion in Chinese goods to 25% this month.

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