China hits US with new retaliatory 125% tariff as trade war heats up


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China slapped the United States with a new rate, increasing the Tax on American goods to 125%. It occurs after the White House raised tariffs on China to 145%. The Chinese president, Xi Jinping, responded to President Donald Trump for the first time saying that he does not fear economic suppression, but “there are no winners in a tariff war.” Peter Alexander of NBC reports for today.



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