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May 29, 2018

White House puts $50 billion worth of tariffs on China

The China tariffs are back on.

The White House announced Tuesday that it will impose 25% tariffs on $50 billion worth of Chinese goods.

The announcement comes a week after Treasury Secretary Steven Mnuchin said the Trump administration would stand down on imposing tariffs while the two sides continued negotiations to avoid a trade war.

The final list of Chinese products will be announced by June 15 and the tariffs will go into effect shortly after.

This is a developing story.

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