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Trump imposes 125% tariffs on China, announces 90-day pause for other countries

Trump imposes 125% tariffs on China, announces 90-day pause for other countries
Donald Trump has announced a 125% tariff hike on Chinese goods while offering a 90-day pause on reciprocal tariffs for 75 countries that have been negotiating. China has responded defiantly, warning against bullying and blackmail. Meanwhile, China and the European Union are discussing closer trade ties, including negotiations on electric vehicles and investment cooperation, potentially forming a new alliance in response to U.S. trade policies.
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