China responds to Trump's tax increase: 15% tariff on US imports
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Odaily reported that the China-US trade war has escalated again. China announced a 15% tariff on US imports of wheat, corn, cotton and chicken, and a 10% additional tariff on sorghum, soybeans, pork, beef, seafood, fruits and vegetables, effective from March 10. This move came after US President Trump announced that he would raise tariffs on Chinese imports to 20%. In addition, Trump also confirmed that he will impose a 25% tariff on goods from Mexico and Canada. This tax increase has triggered risk aversion in the market, affecting the stock and cryptocurrency markets. As of the time of writing, the price of BTC is around $84,200, down 2% from the previous day. (CoinDesk)
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