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China is still digging in in the tariff war with the Trump administration
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This morning, the communist country matching its retaliatory tariffs on American imports
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to President Trump's 125 percent tariffs on Chinese goods. That new rate is set to take effect on Saturday
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It comes as Chinese President Xi Jinping made his first public comments on the tariff war
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between the United States and China today, saying his country is not afraid of what he says is unjust suppression
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China's tariff hike from 84 percent to 125 percent is the latest in a tit-for-tat battle
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between the world's two largest economies, and it looks like it could be one of the final moves in this trade war
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The Chinese government indicating it will not hike tariffs even higher, saying in his statement it would be meaningless
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The successive imposition of excessively high tariffs on China by the U.S. has become nothing more than a numbers game with no real economic significance
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a spokesperson for China's Commerce Ministry said in a statement. It went on to say it merely
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further exposes the U.S. practice of weaponizing tariffs as a tool of bullying and coercion
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turning itself into a joke. President Trump has said the days of China ripping off the
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United States and other countries is no longer sustainable or acceptable
