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Tariffs up to $550 billion were added to Chinese imports in trade war reprisal by Trump

China’s own plans to place new duties on U.S. goods gets a response by President Trump on Friday, as he announces that tariffs on Chinese imports will increase 5 percentage points. Approx $250 billion of Chinese-produced and imported products already have a tariff of 25%. Trump also boosted tariffs for "List 4" from 10% to 15%. The initial response from President on twitter was seen to put the market in chaos.