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World

China smells victory in its tariff war with Trump

24 April 2025

12:07 AM

24 April 2025

12:07 AM

It was an extraordinary statement, given all the bluster that had gone before it. Tariffs on Chinese goods will ‘come down substantially’ from their current level of 145 per cent, Donald Trump said on Tuesday, adding that ‘We are doing fine with China … We’re going to live together very happily and ideally work together’.

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