Politics - CBSNews.com
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The quick-fire volley of tariffs between the U.S. and China in recent days has heightened global fears of a new trade war between the world's two largest economies. Yet while experts think the battle is likely to escalate, they also say the early skirmishes offer hope for an agreement on trade and other key issues that could head off a larger conflict.
After the Trump administration's additional 10% levy on Chinese imports took effect Tuesday, China announced a 15% tariff on U.S. coal and liquified natural gas, along with a 10% tariff on crude oil...
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