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China to put 25% tariffs on $16 billion worth of US products


China has announced plans to put tariffs of 25% on US products worth $16 billion, the latest move in an escalating trade war.
The Chinese government said in a statement Wednesday that the taxes would be imposed on August 23.
The US products in line for tariffs include chemical items and diesel fuel.
The world's top two economies have repeatedly sparred over trade in recent mont ...

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