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Stocks slip, yen rises as U.S. raises stakes in trade conflict

Reuters  |  TOKYO 

By Shinichi SaoshiroTOKYO (Reuters) - Asian stocks retreated and perceived safe havens such as the yen and U.S. Treasuries rose on Wednesday after the United States said it would impose tariffs on an extra 200 billion worth of Chinese imports, sharply escalating the trade war between the world's two biggest economies.Washington decided to impose the extra tariffs after efforts to negotiate a solution to the dispute failed to reach an agreement, senior administration officials said on Tuesday.The United States had just imposed tariffs on $34 billion worth of Chinese goods on Friday, drawing ...

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First Published: Wed, July 11 2018. 06:25 IST
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