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China, US kick off new round of tariffs in trade war

FILE PHOTO: US dollar and China yuan notes are seen in this picture illustration June 2, 2017. [Reuters]

China and the United States began imposing additional tariffs on each other’s goods on Sunday, the latest escalation in a bruising trade war, despite signs that talks would resume some time this month.

A new round of tariffs took effect from 0401 GMT, with Beijing’s levy of 5% on U.S. crude marking the first time the fuel has been targeted since the world’s two largest economies started their trade war more than a year ago.

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