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China announces retaliatory tariffs on $34 billion worth of US goods, including agriculture products

  • The Chinese State Council's commission on tariffs and customs said in an online statement that a 25 percent tariff will take effect July 6 on agriculture products, automobiles and "aquatic products."
  • The tariffs counter the United States Trade Representative's announcement earlier on Friday that the U.S. will initially impose an additional 25 percent tariff on 818 Chinese imports worth about $34 billion on July 6.

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