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Trade hostilities between the United States and China continue to escalate. Last week, U.S. President Donald Trump threatened to place tariffs of ten percent on $200 billion worth of Chinese goods after China retaliated against his previous threats to put tariffs of 25 percent on $50 billion worth of its products. Washington has warned of additional trade protection if China retaliates again. The latest move comes in addition to the 25 percent tariff on steel and the ten percent tariff on aluminum that the United States has placed on several countries, including China.
The Trump administration has declared that China must fulfill its demands before it will lift the tariffs. It wants China to cut its trade deficit with the United States, protect U.S. intellectual property, accept restrictions on Chinese investment in sensitive U.S. technology, allow greater U.S. investment in China, and remove trade barriers. Washington also wants a variety