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The move comes after President Donald Trump slapped a total tariff of 104% on Chinese imports

The US has hiked tariffs on all Chinese imports to a staggering 104%, escalating the ongoing trade conflict and wiping out another $1.5 trillion from US stock markets on Tuesday.

China was originally set to face a 34% tariff increase on Wednesday, as part of President Donald Trump’s β€œreciprocal”measures targeting virtually all US trade partners. However, after Beijing responded with a proportional 34% duty of its own, the US president raised the blanket tariff to a total of 104%.

β€œAfter all of the abuses they’ve perpetrated, China is attempting to impose additional unjustified tariffs,” Trump said at a National Republican Congressional Committee dinner in Washington on Tuesday.

𝕋𝕙𝕖 𝕋𝕣𝕦π•₯𝕙

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