U.S. raises tariffs on $200B worth of Chinese goods as trade talks continue

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President Trump says the two biggest economies in the world were getting very close to closing a deal. The talks of China will continue and insist tariffs will bring in more money than any agreement.

American businesses and consumers will pay more for many Chinese imports after the U.S. increased tariffs on $200 billion worth of goods Thursday night. There is now a 25 percent tariff on Chinese products worth a total of $250 billion. The Trump administration raised tariffs in the middle of the trade talks that continue today in Washington.

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