U.S.-China trade conflicts under the administration of U.S. President Donald Trump appear to be ramping up, not tamping down as many businesses had hoped earlier this year.
Stocks tumbled Aug. 5 on China’s announcement that it would stop buying many U.S. farm products, and would devalue its currency in retaliation for the Trump administration’s pledge to impose an additional 10% tariff on the final $300 billion group of products imported from China on Sept. 1. The group includes everything from imported cod fillets to TVs and electric razors.
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