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of <h1>China Retaliates with 15% Tariff on US Farm Products as Trade Tensions with Trump Escalate</h1> China has imposed a 15% tariff on American farm products, including chicken, pork, soybeans, and beef, in retaliation to President Donald Trump's decision to increase tariffs on Chinese imports to 20%. This move has caused concern among investors, impacting US markets. Trump's tariff strategy, aimed at protecting American industries and pressuring foreign countries, also includes plans to increase tariffs on steel and aluminum. Economists warn that such tariffs raise consumer prices and reduce economic efficiency. Previously, US farm exports to China fluctuated significantly due to trade tensions, with a notable decline in recent years.
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