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Jim Cramer Says That Trump's Tariffs on China Aren't Going Anywhere

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President Donald Trump said in a tweet Sunday that tariffs on $200 billion worth of China-made goods would rise to 25% from 10% by Friday, and added that a similar levy on another $325 billion could be placed on China imports "shortly."

He said the trade talks between the U.S. and China, which were renewed with much fanfare in early December, had been moving "too slowly."

Trump's tweets surprised many Chinese officials, The Wall Street Journal reported, citing a person briefed on the matter, and China is considering canceling trade talks that were to resume in Washington starting Wednesday. There has been widespread expectations in recent days that a trade deal could be reached by Friday, the Journal noted.

Related. Jim Cramer: What to Buy and What to Avoid on Trump's Latest China Tweet

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