The trade war is escalating between the world’s two largest economies and there is no end in sight. President Donald Trump is asking his team to identify another $200 billion in Chinese products that could be hit with tariffs. That’s on top of the $50 billion in tariffs announced last week and follows China’s decision to retaliate with tariffs of $50 billion on U.S. exports. The Chinese news agency is reporting China will respond with more tariffs.
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