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    Trump China Tag

    The United States has imposed sanctions on Chinese and Russian companies for violating the trade restrictions on North Korea. The move highlights President Donald Trump's strategy to keep tightening the screws on Pyongyang over its nuclear program. The Treasury Department blacklisted a Russian port agency and two Chinese firms on Wednesday for aiding North Korea's shipping industry.

    President Donald Trump will approve a plan that will impose a 25% tariff on Chinese technology products, which is worth around $50 billion. From The Washington Post:
    Although the import levies affect less than 10 percent of the $505 billion in Chinese goods that Americans buy each year, Trump’s new trade barriers mark a historic change after three decades of deepening ties between the world’s two largest economies.

    We've been covering the Trump administration's trade talks with China, and now both nations have reportedly agreed to halt the trade war, including the imposition of tariffs, until a deal has been reached. The AFP reports:
    Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday.
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