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China, EU hit back with new barriers on US goods, escalating trade war

China, EU hit back with new barriers on US goods, escalating trade war

FILE PHOTO: U.S. President Donald Trump signs an executive order at the White House in Washington, D.C., U.S., April 8, 2025. REUTERS/Nathan Howard/File Photo

China and the European Union announced new trade barriers on US goods on Wednesday in response to steep duties imposed by US President Donald Trump, escalating a global trade war that has hammered markets and raised the likelihood of recession.

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