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China announces tariff hike on $75 billion of US products

BEIJING (AP) — China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump’s latest planned increase, deepening a conflict over trade and technology that threatens to tip a weakening global economy into recession.

China also will increase import duties on U.S.-made autos and auto parts, the Finance Ministry announced.

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