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China tariff announcement escalates trade tensions, quickly draws retaliation

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Tariffs on $50 billion in Chinese goods set to kick in July 6 were announced by President Donald Trump. The Office of the US Trade Representative (USTR) said the list includes a pared down set of 818 tariff lines from an original 1,333 announced April 6, and 284 new lines related to the Commerce Department's Section 301 investigation.

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