U.S. raises tariffs on $200B worth of Chinese goods as trade talks continue

American businesses and consumers will pay more for many Chinese imports after the U.S. increased tariffs on $200 billion worth of goods Thursday night. There is now a 25 percent tariff on Chinese products worth a total of $250 billion. The Trump administration raised tariffs in the middle of the trade talks that continue today in Washington. Weijia Jiang reports.

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