Over the weekend, the U.S. and China went forward with a new set of tariffs. The U.S. imposed a 15 percent tariff on $112 billion in Chinese consumer products, ranging from clothing to TV sets. Additional tariffs are scheduled to happen in mid-December. Meanwhile, China raised existing tariffs on $75 billion worth of U.S. products, including soybeans. Trump said agriculture is getting support. “I’m making farmers more than whole; the farmers are doing better than if China was buying.” Trump also said the trade negotiations between the U.S. and China will take place this month as scheduled. The Chinese government has not confirmed face-to-face negotiations will occur, but the two sides are discussing the possibility.
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