Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation
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WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world's two largest economies.Trump's move, announced on Twitter, came hours after China unveiled retaliatory tariffs on $75 billion (61.09 billion pounds) worth of U.S. goods, prompting the president earlier in the day to demand U.S. companies move..