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Second punch thrown by the Trump administration at China

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Odwa Magwentshu
Morning-Market-Podcast-Header-Image-GT247.COM

The trade war intensified as the Trump administration released the proposed list of $200 billion of Chinese imports to be hit by tariff increases. China has yet to state how they are going to retaliate. The U.S markets reacted positively to the announcement, with the S&P 500 within 3% of a record high whilst on the other hand, the Chinese economy is in a bear market.

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