China hits US with new retaliatory 125% tariff as commerce conflict heats up

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China slapped america with a brand new tariff, elevating the tax on American items to 125%. It comes after the White Home raised tariffs on China to 145%. Chinese language President Xi Jinping responded to President Donald Trump for the primary time saying it doesn’t worry financial suppression however “there are not any winners in a tariff conflict.” NBC’s Peter Alexander experiences for TODAY.

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