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What a trade war with China means for retail pre-holiday

July 10, 2018

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Escalating trade tensions between the United States and China reached a head on Friday when another round of tariffs on $34 billion worth of Chinese goods took hold. Within two weeks, another $16 billion will receive tariffs and President Trump last week threatened another $500 billion.

China quickly retorted with its own 25% tariffs, mostly targeting agricultural products like soybeans and pork, as well as automobiles.

Over the last several months, the tit-for-tat tariffs with one of the largest economies in the world has rattled the business community.

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