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Trump threatens to hike tariffs on China by an additional $300 billion

Tensions between the world's two largest economies have risen sharply since talks aimed at ending a festering trade war broke down in early May

U S President Donald Trump and First Lady Melania Trump  at a ceremony to mark the 75th anniversary of the D-Day at the Normandy American Cemetery and Memorial in  France on Thursday | Photo: REUTERS
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U S President Donald Trump and First Lady Melania Trump at a ceremony to mark the 75th anniversary of the D-Day at the Normandy American Cemetery and Memorial in France on Thursday | Photo: REUTERS

Steve Holland & Stella Qiu | Reuters Ireland/Beijing
US President Donald Trump has threatened to hit China with tariffs on “at least” another $300 billion worth of Chinese goods but said he thought both China and Mexico wanted to make deals in their trade disputes with the United States. 

Tensions between the world’s two largest economies have risen sharply since talks aimed at ending a festering trade war broke down in early May.

While Trump said on Thursday that talks with China were ongoing, no face-to-face meetings have been held since May 10, the day he sharply increased tariffs on a $200 billion list of Chinese goods to 25 per