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Trump to hike tariffs on China

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President Donald Trump tweeted U.S. tariffs on certain Chinese goods will be increased.

The 10-25% hike is scheduled to go into effect on Friday, Trump said in the tweet.

A new 25% tariff on $325 billion worth of Chinese goods also is slated to be imposed.

The announcement came just days after Trump indicated trade talks with China were going well.

Read more from Quartz.

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