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Trump raises stakes in China trade standoff

US President Donald Trump has taken steps to authorise new tariffs on $US325 billion ($A465 billion) in Chinese imports, as officials prepare for last-ditch talks to avert an escalation of a trade war that threatens to derail the global economy.

 

News

Trump threatens China with higher tariffs

US President Donald Trump dramatically increased pressure on China to reach a trade deal, by announcing he will hike tariffs on $US200 billion ($A285 billion) worth of Chinese goods this week – and target hundreds of billions more soon.