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12Apr 2025
China Raises Tariffs, Escalates Trade War with US
Why in the News ? China increased tariffs on US goods from 84% to 125% in retaliation to the US hiking tariffs to 145%. Beijing accused the US of violating international trade norms and engaging in unilateral economic coercion, worsening global trade tensions. What Happened? China’s finance ministry has announced a sharp increase in tariffs …
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