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With tariffs now imposed on approximately 10,000 products traded around the world—with more added seemingly every day—it seems that the trade war is officially upon us. As of July 10, the U.S. has proposed tariffs on $200 billion in Chinese products, with threats to add $200 billion more. In the end, tariffs may impact close to 90 percent of products sent to the U.S. from China. Already China, Mexico, Canada, and the European Union (EU) have retaliated with tariffs on American goods.

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