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Trump Threatens to Hike Chinese Tariffs

President says he will hike tariffs from 10% to 25% on $200B Chinese products

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President Trump turned up the pressure on China on Sunday, threatening to hike tariffs on $200 billion worth of Chinese goods, reports CBS News.

Trump's comments, delivered on Twitter, came as a Chinese delegation was scheduled to resume talks in Washington on Wednesday aimed at resolving the trade war between the two countries.

Trump said he would raise import taxes on Chinese products to 25% from 10% Friday.

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