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Trump pledges to retaliate after China announces new tariffs

US President Donald Trump has pledged to retaliate after China announced plans to impose a 10% tariff on $75 billion worth of goods imported from the US.
 
The new taxes were themselves a response to Mr. Trump's plans for a 10% levy on $300 billion of Chinese imports.
 
Wall Street share markets dived after the president tweeted that he would respond to the new tax later Friday.
 
He insisted that US firms find an alternative to China and return production to America.


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