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Trade war: The US and China just slapped new tariffs on each other
CNN: The Trump administration's latest round of tariffs on Chinese goods kicked in Thursday, drawing immediate retaliation from Beijing.
The new exchange of fire in the trade war between the two economic superpowers comes as officials from both countries hold talks in Washington over the dispute.
The United States imposed 25% tariffs on another $16 billion of Chinese goods just after midnight ET Thursday -- midday in Beijing. The tax affects 279 Chinese products, including chemical products, motorcycles, speedometers and antennas.
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