Trump set to slap China with $60 billion in annual tariffs: report

President Donald Trump is set to impose $60 billion in annual tariffs against China by Friday, the Washington Post reported Monday. That amount is roughly double what senior aides had originally proposed, the Post reported. The levies would apply to more than 100 products that were developed by stolen American intellectual property, the Post said. China is the biggest trade partner of the U.S., and the tariffs may spark retaliatory measures by the Chinese government.

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From:: Stock Market News

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