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Beijing slaps 125% tariffs on U.S. goods in latest U.S.-China trade escalation

China signals the latest tariff hike will be its last round of tit-for-tat measures, prompting sharp falls in European shares, as Asian stocks end the day mixed.

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Beijing slaps 125% tariffs on U.S. goods in latest U.S.-China trade escalation
People stand outside a brokerage house as an electronic board displays shares trading index in the Central Business District, in Beijing on Thursday.

China signals the latest tariff hike will be its last round of tit-for-tat measures, prompting sharp falls in European shares, as Asian stocks end the day mixed.

(Image credit: Andy Wong)

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