By  on May 10, 2019

Stocks in China rallied on Friday despite the U.S. carrying out its threat to more than double existing tariffs on $200 billion worth of Chinese goods.

Tariffs increased to 25 percent, up from 10 percent, even as trade talks were under way between the world’s two largest economies. Chinese vice president Liu He flew to Washington, D.C., leading a delegation that is set to enter its second day of meetings.

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