New China tariffs to hit $75B in U.S. imports, including extra 25% car duty

New China tariffs to hit $75B in U.S. imports, including extra 25% car duty

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China, in retaliation for President Trump’s latest planned levies on Chinese imports, said it will resume extra duties on U.S. light vehicles starting Dec. 15 as part of a new round of sweeping tariffs, hurting major exporters such as Tesla, BMW, Mercedes and Ford.

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