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Donald Trump to meet Xi Jinping after China raises tariffs on US goods in tit-for-tat move

2019-05-14 09:37:09       source:The Straits Times

May 14, 2019

WASHINGTON/BEIJING (REUTERS) – United States President Donald Trump said on Monday (May 13) that he would meet Chinese President Xi Jinping next month as the trade war between the world’s two largest economies intensified, sending shivers through global markets.

Earlier, China announced it would impose higher tariffs on a range of US goods including frozen vegetables and liquefied natural gas, a move that followed Washington’s decision last week to hike its own levies on US$200 billion (S$274 billion) in Chinese imports.

The US Trade Representative’s office later said it planned to hold a public hearing next month on the possibility of raising duties of up to 25 per cent on a further US$300 billion worth of imports from China. Mobile phones and laptops would be included in that list, but pharmaceuticals would be excluded, the office said.

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