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Trade war

Global commodities in for a bumpy ride from US-China trade war

Agriculture and energy markets buckle up as China hunts for alternative supplies

TOKYO -- After the U.S. levied duties on $34 billion worth of Chinese imports on Friday, China countered with a 25% tariff on a like total of U.S. goods.

China's first target is mainly soybeans and other agriculture products. But Beijing also plans to impose a 25% tariff on crude oil and other energy commodities when Washington imposes a 25% levy on an additional $16 billion worth of Chinese imports.

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