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Trade war

Trump threatens next wave of tariffs on $200bn of Chinese goods

Beijing has 'no choice' but to strike back if measures are imposed

U.S. President Donald Trump has accused China of being determined to "keep the United States at a permanent and unfair disadvantage."   © Reuters

WASHINGTON -- U.S. President Donald Trump has once again raised the stakes in his tariff war with Beijing, announcing on Monday that he had directed the U.S. Trade Representative to identify $200 billion worth of Chinese imports for an additional 10% tariff.

China has responded Tuesday by stating that it would have no choice but to impose retaliatory measures. The ever-expanding tariffs, if imposed as announced by the world's two most powerful economies, threaten to throttle global economic activity.

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