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Trade war

US tariffs spark vicious cycle of retribution

Escalating trade feuds with China, Canada and Europe endanger growth worldwide

WASHINGTON/BEIJING -- U.S. President Donald Trump's tariffs on steel, aluminum and now Chinese imports have prompted retaliatory measures from China, Europe, Canada and even India, bringing much of the world to the brink of a trade war.

After Trump said Friday that his administration would impose 25% tariffs on $50 billion in Chinese goods starting next month, Beijing's response was swift yet meticulously planned. The Commerce Ministry issued a statement vowing to levy duties on the same scale and released a list of targeted items just five hours later, before 2 a.m. local time Saturday.

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