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BREAKING: Donald Trump announces new tariffs on China

Breaking news out of D.C. where President Donald Trump just announced new tariffs on China in response to China implementing tariffs of its own on $75 billion worth of American goods:

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From the president:

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It’s not yet clear how this affects Trump’s earlier announcement that tariff increase would be delayed to protect retailers at Christmas:

Earlier Friday, the Dow Industrial Average fell over 600 points over the increased tension between America and China:

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