US officially hits additional $16 billion in Chinese goods with tariffs

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The Trump administration officially began imposing 25 percent tariffs on an additional $16 billion in Chinese goods Thursday, bringing the total amount of items facing such levies at $50 billion.

The administration is also planning on adding $200 billion more in goods to that list, as President Trump escalates trade negotiations with China. Administration officials are meeting with China counterparts this week to work toward a deal.

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