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US to announce more tariffs on China products
The administration of US President Donald Trump will announce on Monday additional tariffs on roughly 300 billion dollars' worth of Chinese products. The Office of the US Trade Representative is preparing to implement the additional tariffs. This means all Chinese imports would be subject to additional tariffs imposed under Section 301 of the US Trade Act on the grounds that China violates intellectual property rights. The Trump administration plans to use the tariff threat to press China to accept US demands, such as forming legally-binding deals. Beijing is ready to retaliate after Washington raised tariffs on 200 ... (full story)
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