White House official says an additional 20% tariff, tied to measures targeting fentanyl-related imports, brings the total to its current level

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• US-China trade war intensifies as Beijing’s tariffs come into effect after Trump pause

China and the European Union have exchanged views on strengthening their economic and trade cooperation in response to US tariffs, the Chinese commerce ministry said on Thursday, according to Reuters news agency.

In a video call on Tuesday, China’s commerce minister Wang Wentao discussed with European trade and economic security commissioner Maros Sefcovic the restart of talks on trade relief and to immediately carry out negotiations on electric vehicle price commitments, the Chinese ministry statement said.

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President says overseas leaders are ‘coming to the table’ as markets plunge in response to tariffs

Good morning and welcome to the US politics live blog. I’m Tom Ambrose and I will be bringing you all the latest news over the next couple of hours.

We start with the news that president Donald Trump says foreign governments would have to pay “a lot of money” to lift sweeping tariffs that he characterized as “medicine”, as financial markets indicated another week of steep losses could be in store.

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