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ADMINSTRATION ANNOUNCES NEW TARIFFS ON $200 BILLION MORE IMPORTS FROM CHINA
Agri-Pulse reports:

The Trump administration announced Tuesday evening that it is preparing to slap tariffs on $200 billion worth of new Chinese commodities, a move that would significantly escalate the trade war that's already hurting U.S. farmers and ranchers.

The U.S. began applying tariffs to $34 billion worth of Chinese imports last Friday and China retaliated in equal measure, but took aim mostly at U.S. farm commodities.
Senior U.S. administration officials said it would be about a two-month process before the new tariffs would go into effect, but they stressed they are holding out hope a resolution to trade conflict is possible.

"We are willing to engage in efforts that could lead to a resolution of our concerns about China's unfair trading practices ... but obviously we do intend to keep the pressure on them to move in a more market-oriented direction," one official said in a briefing for reporters.


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