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US increases tariffs as China vows 'countermeasures'

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"This evening, Ambassador [Robert] Lightizer and [Treasury] Secretary [Steven] Mnuchin met with President Trump to discuss the ongoing trade negotiations with China," White House deputy press secretary Judd Deere said late Thursday. "The Ambassador and Secretary then had a working dinner with Vice Premier Liu He, and agreed to continue discussions tomorrow morning at USTR."


China's Ministry of Commerce followed, two minutes after midnight Eastern time, with a statement, saying, "China deeply regrets that it will have to take necessary countermeasures."



The meeting comes on the heels of the president unexpectedly announcing plans to raise tariffs on $200 billion worth of Chinese goods -- ranging from textiles to chemicals -- from 10% to 25%.


"The escalation of trade friction is not in the interests of the people of the two countries and the people of the world," the ministry said. "The Chinese side deeply regrets that if the US tariff measures are implemented, China will have to take necessary countermeasures."


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5 minutes ago, Signifyin(g)Monkey said:

Talk about political dumbassery.


Trump, dude, you’ve got a booming economy—wait till *after* the election to incite a recession with the tariffs, like a normal self-serving politico.


Maybe he really, honest to god just doesn't understand that tariffs are a tax on us, not China. 

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