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US-China trade tensions intensify

US-China trade tensions intensify
US President Donald Trump imposed new tariffs against China. He said that starting in November, a 100% tariff will apply to goods imported from China.

Trump explained this decision by China’s restriction of rare metal exports. According to him, this harms the US economy.

The new measures have intensified relations between the two countries. The meeting between Trump and Xi Jinping remains uncertain.

Following Trump’s statement, US stock markets declined. Experts said the situation could also negatively affect global trade.

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News » Economy » US-China trade tensions intensify