As new tariffs hit, US, China seek to avert more economic damage

As part of Trump's aggressive trade stance, Washington hit China with punitive duties on another $16 billion in goods, triggering a swift tit-for-tat retaliation from Beijing. Adding to the $34 billion targeted in July, that brings the total two-way trade weighed down by the steep tariffs to $100 billion, and the United States currently is considering hitting another $200 billion.

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