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Market Chatter: China's Trade Council Blasts US Tariff Proposal

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China's trade council blasted proposed U.S. tariffs of up to 12.5% on Chinese goods, Reuters reported Friday.

The China Council for the Promotion of International Trade voiced strong dissatisfaction, calling Washington's move a unilateral deviation from global trade rules, according to the report.

The Chinese business community urged the U.S. to halt trade restriction abuses and resolve differences through dialogue, Reuters wrote.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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