Tariffs Increased in Escalating U.S.-China Trade War

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On May 10, U.S. President Donald Trump raised tariffs on Chinese goods, and on May 13 China’s finance ministry responded in kind. U.S. stock prices plunged; the Dow Jones Industrial Average fell by more than 700 points shortly after 1 p.m. Eastern Time, National Public Radio reported. The Nasdaq composite fell by about 3.5 percent. President

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