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New US tariffs on Chinese imports likely to be announced on Monday

New US tariffs on Chinese imports likely to be announced on Monday

Image credit: Shortpedia

In order to restrict China's unfair trade practices, US President Donald Trump will probably announce new tariffs, of about 10%, on $200 billion of Chinese imports including electronic products, seafood, furniture, chemicals, plastics, bicycles etc. The earlier consideration was to put 25% tariff on the imports. China was asked to stop acquisition of US technologies and cut its $375 billion trade with the US.

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