Category: exports

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China imposes 25 percent tariffs on key US exports

China has retaliated quickly against proposed United States penalties on Chinese goods and announced 25 percent tariffs on critical American exports, including soya beans, aeroplanes and cars. On Tuesday, the administration of President Donald Trump threatened to slap tariffs on $50bn in Chinese imports across 1,300 categories of products, ranging from industrial robots to locomotives. Beijing’s response came…