A new round of tariffs on Chinese goods entering the U.S. was announced on Twitter last week by President Trump, further escalating the trade conflict between the two countries. For months, China and the U.S. have tried to reach an agreement that would benefit both countries, yet that goal has remained elusive. The global economy has already felt the implications of these new tariffs; the day they were announced, the Dow Jones Industrial Average dropped 200 points and the value of the yuan, China's currency, fell.
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