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				Trump’s universal tariffs on China total 145%. When Trump 
				announced Wednesday that China faced 125% tariffs, he did not 
				include a 20% tariff on China tied to its role in fentanyl 
				production.
 Trump's actions led business executives to warn of a potential 
				recession, and some of the top U.S. trading partners to 
				retaliate with their own import taxes, before the pause. But 
				Trump and China continued raising the tariffs in a tit for tat.
 
 “The U.S. alternately raising abnormally high tariffs on China 
				has become a numbers game, which has no practical economic 
				significance, and will become a joke in the history of the world 
				economy,” a Finance Ministry spokesman said in a statement 
				announcing the new tariffs. “However, if the US insists on 
				continuing to substantially infringe on China’s interests, China 
				will resolutely counter and fight to the end.”
 
 China's Commerce Ministry said it was filing another lawsuit 
				with the World Trade Organization against the U.S. tariffs.
 
 Beijing last week suspended sorghum, poultry and bonemeal 
				imports from some American companies, and put more export 
				controls on rare earth minerals, critical for various 
				technologies, and put a few dozen American companies on lists 
				that would prevent Chinese companies from selling them dual-use 
				goods.
 
 Given the size of the two economies, experts fear global 
				economic turmoil.
 
 The head of the WTO, Ngozi Okonjo-Iweala, said earlier this week 
				that the trade war between the U.S. and China could “could 
				severely damage the global economic outlook."
 
			
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