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Trade war between US and China

The 25 per cent tariffs on Chinese machinery, electronics and high-tech equipment including autos, computer hard drives and LEDs mark a significant escalation in the trade dispute between China and US.

Meanwhile, China has said it has already imposed retaliatory measures on US goods after the US activated its tariff measures. Spokesman for the foreign ministry, Lu Kang said that China’s measures against the US took with immediate effect.

Beijing accused Washington of launching the largest trade war in economic history and vowed to take the case to the World Trade Organization.