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" ... China is facing $50 billion in tariffs. Another $200 billion are in the works, possibly to be made official by the end of the summer if trade negotiations with Beijing fail. Trump has already said that if China refusese to play ball, another $500 billion are in the works. It is unclear if that is $300 billion on top of the $200 billion being looked at now, or if it is $700 billion all told. This would basically mean nearly every single thing China sells to the U.S. would be taxed higher at the border. ... "