World News: 05:17 GMT Friday 2nd August 2019. [Yahoo Business News Feed via SPi World News]
President Donald Trump intensified pressure on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn't already taxed. The president has already imposed 25% tariffs on $250 billion in Chinese products, and Beijing has retaliated by taxing $110 billion in U.S. goods. U.S. consumers will likely feel the pain if Trump proceeds with the new tariffs.
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