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Trade war

US-China trade war intensifies as both sides impose new tariffs

Beijing calls off talks, while Washington slaps 10% levies on $200bn worth of imports

TOKYO -- The trade war between the U.S. and China escalated sharply on Monday, with both sides slapping new tariffs on each other and pushing the dispute between the world's two largest economies into uncharted territory.

The moves come as China issued a white paper document condemning U.S. trade policy, and as Beijing reportedly called off trade talks with Washington.

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