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Trade war

China sees 'no choice but to counter' latest US tariffs

Trump's 10% levy on $200bn of goods threatens to sabotage negotiations

U.S. President Donald Trump has escalated the trade war with China with a fresh round of tariffs.   © Reuters

NEW YORK -- The Trump administration pulled the trigger on tariffs Monday, imposing a fresh set of import duties targeting roughly $200 billion in Chinese goods and prompting swift pushback from Beijing.

A 10% tariff on the list will take effect Sept. 24, giving affected U.S. businesses time to adjust before a 25% rate kicks in on Jan. 1. "Further, if China takes retaliatory action against our farmers or other industries, we will immediately pursue ... tariffs on approximately $267 billion of additional imports," President Donald Trump said in a statement released by the White House.

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