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The U.S. and China Escalate Their Trade Tiff With Tit-for-Tat Tariffs

Jun 15, 2018 | 23:02 GMT
U.S. Secretary of State Mike Pompeo meets with Chinese President Xi Jinping on June 14 in Beijing.

U.S. Secretary of State Mike Pompeo (L) and Chinese President Xi Jinping attend a meeting in the Great Hall of the People June 14, 2018 in Beijing, China.

(Fred Dufour-Pool/Getty Images)

The latest exchange of tariffs between the United States and China has increased the risk of a full-blown trade war that would have wide-ranging effects on the global economy. After the White House announced June 15 that the United States would move forward with 25 percent tariffs on $50 billion worth of Chinese imports, China announced reciprocal tariffs on an equivalent amount of U.S. goods....

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