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Trade war

US hikes tariffs on China products, intensifying trade war

Talks to continue but global economic fears grow as Beijing vows to retaliate

U.S. President Donald Trump, left, and Chinese President Xi Jinping (Nikkei montage/AP/Getty/Reuters)

WASHINGTON/BEIJING/TOKYO -- The U.S. slapped additional tariffs on Chinese goods on Friday even as the two sides agreed to keep talking, raising fears that the global economy will suffer.

The tariffs, which were lifted to 25% from 10%, apply to more than 5,700 categories of Chinese imports worth around $200 billion. Many consumer products, such as food and electric appliances, will be hit. The higher duties may push prices up, denting U.S. consumer spending.

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