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Live Updates: Trade War Escalates as China Hits Back Again at U.S.
The New York Times
After President Trump imposed a 104 percent tariff on Chinese goods, Beijing announced a levy on U.S. goods of 84 percent. Stocks and bonds slumped as Europe also prepared to retaliate against the United States.
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Trust is very hard to build and easy to destroy. America and its partners are caught in a spiral of distrust.