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Seven days: 6 April 2018

Seven days: 6 April 2018

Trade spat heats up

In one of the first signs of the inevitable tit-for-tat to ensue from US President Donald Trump’s decision to slap a 25 per cent tariff on Chinese imports, the People’s Republic has retaliated. Beijing has threatened to raise duties by 25 per cent on 106 US products, including soyabeans, cars and chemicals, worth around $50bn (£39.1bn). China’s foreign ministry said that President Trump’s measures had “violated the rules of the World Trade Organisation and have seriously violated China’s legal rights". The US has said it would consult with industry for up to 30 days before it imposes tariffs on around 1,333 Chinese imports.

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