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Donald Trump threatens China with 104 per cent tariff as trade war threatens to escalate.

www.abc.net.au

Trump threatens to escalate US-China trade war with 104 per cent tariff

US President Donald Trump has threatened China with a 104 per cent tariff, if Beijing doesn't drop its 34 per cent tariff on US goods.

President Trump announced the plan on social media, as stock markets across the world continued to plummet.

What's next?

Beijing has not yet commented on the president's threat.

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