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China will raise tariffs on U.S. goods from 84% to 125%, the latest in an escalating trade war

China will raise tariffs on U.S. goods from 84% to 125%, the latest in an escalating trade war

China announced Friday that it will raise tariffs on U.S. goods from 84% to 125% -- the latest salvo in an escalating trade war between the world's two largest economies that has rattled markets and raised fears of a global slowdown.

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