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Trump Administration Slaps Tariffs on $50B US in China Imports

Posted June 15, 2018

Under Economic Issues, International Trade Issues

(Associated Press)

The Trump administration is announcing a 25 per cent tariff on $50 billion US worth of Chinese imports, escalating a trade dispute between the world’s two largest economies.

President Donald Trump has vowed to clamp down on what he calls China’s unfair trade practices.

It comes in the aftermath of Trump’s nuclear summit with North Korean leader Kim Jong-un and his push for China to maintain economic pressure on the North.

Trump has already slapped tariffs on steel and aluminum imports from Canada, Mexico, Europe and Japan, drawing a rebuke from U.S. allies. Click here to read more.