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President Donald Trump said Monday the tariffs against China would "go up substantially higher" than 145% if a longer-term trade deal is not reached before 90 days.
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The trade dispute between the world's two largest economies has its roots in President Trump's first term.
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President Trump seems to think not. The industries he constantly mentions when he pushes his case, including autos, energy and lumber, beg to differ.
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The U.S. temporarily cut tariffs on Chinese goods from 145% to 30%.
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Market watchers have labeled the new U.S.-China deal to temporarily cut tariffs "better than expected," "more workable" and even a "dream scenario."
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