Balanced Reporting. Trusted Insights. Wednesday, May 31, 2023

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China fires back again as trade tensions escalate

In the latest salvo of trade actions between the U.S. and Chinese governments, the Chinese Ministry of Commerce (MOC) announced plans today to impose a 25 percent tariff on $50 billion of U.S. goods, including soybeans, aircraft and automobiles, according to the Chinese News Agency, Xinhua.
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