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China hits back by levying tariffs on US$60b of US goods

China hits back by levying tariffs on US$60b of US goods

23 Sept 03:43 Key points summarised by AI
  • China will levy tariffs on US$60 billion worth of US goods in retaliation for new US tariffs, escalating the ongoing trade dispute.
  • The tariff rates have been reduced to 5-10% from the initially proposed 5-25%, with these measures taking effect on September 24, the same day the US imposes new tariffs on Chinese products.
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