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Trump Raises Tariffs on China as Frustration Mounts Ahead of G-7

  • Tariffs on $250 billion in existing tariffs to go to 30%
  • Follows Chinese retaliation to earlier Trump tariff move
Donald Trump

Donald Trump

Photographer: Jim Watson/AFP/Getty Images
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President Donald Trump escalated the trade war with China on Friday and moved further away from a deal to resolve frictions, announcing a wave of higher tariffs even as he prepared to set off for a gathering of world leaders.