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Trade war

Five things to know: Trump's Sunday tariff decision

What will the 15% levy mean for the US, China and markets?

U.S. President Donald Trump delivers remarks during a campaign rally at the Giant Center in Hershey, Pennsylvania on Dec. 10.   © Reuters

NEW YORK/HONG KONG -- If U.S. President Donald Trump goes ahead with the last remaining batch of tariffs, some $160 billion worth of consumer goods imported from China will be subject to an additional 15% levy. It is a big "if," as Trump has plenty of reasons to avoid pulling the trigger. But the consequences if he does could be even bigger.

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