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China responds to tariffs with a shocking move

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73% Informative

The Dow Jones Industrial Average, Nasdaq Composite , and S&P 500 are all falling today .

President Donald Trump is moving forward with his plan to implement high tariffs on all U.S. imports from Canada and Mexico .

He has also doubled the previous tariff against Chinese imports, raising it from 10% to 20% .

The impact of these tariffs on the US from its top trading partners is likely to be severe, particularly for certain sectors.