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Trump threatens China with tariffs on goods worth half a trillion dollars

China accused the United States of 'opening fire' on the world with tariffs

Reuters  |  Washington/Beijing 

President Donald Trump said on Thursday the United States may ultimately impose tariffs on more than a half-trillion dollars' worth of Chinese goods as the world's two largest economies hurtled toward the start of a trade war. Trump confirmed that the United States would begin collecting tariffs on $34 billion in Chinese goods at 12:01 am. Washington DC time (0401 GMT) on Friday and warned that subsequent rounds could see tariffs on more than $500 billion of goods, or roughly the total amount that the United States imported from China last year. "You have another 16 ...

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First Published: Fri, July 06 2018. 07:47 IST