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USA-China tariff war intensifies as consensus on trade deal eludes

May 11, 2019 21:37 IST
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Representatives of the United States of America and China failed to come to an agreement over a trade deal despite two days of negotiations in Washington, DC. US President Donald Trump imposed higher tariffs on Chinese goods worth $ 200 billion. But the Chinese said remained ‘cautiously optimistic’, with Vice Premier Liu He saying that the negotiations hadn’t broken down. Trade tensions between the two nations have been spooking global markets.