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June 20, 2018

Trump's tariffs: Are we in a trade war now?

  • Here is a look at what tariffs are, how they've been used in the past and what to expect now.
    • By PAUL WISEMAN and CHRISTOPHER RUGABER
    AP Economics Writers

    WASHINGTON — So is this what a trade war looks like?

    The Trump administration and China's leadership have threatened to impose tariffs on $50 billion of each other's goods. Trump has proposed imposing duties on $400 billion more if China doesn't further open its markets to U.S. companies and reduce its trade surplus with the United States. China, in turn, says it will retaliate.


     
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