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New tariffs that take effect today on Chinese imports are expected to result in increased prices for American consumers. (Photo by Raimond Spekking, cc-by-sa-4.0, https://bit.ly/2PNAO39)

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Expect a direct hit on many U.S. consumers from President Donald Trump's latest round of tariffs on Chinese imports. He had no intention of pulling back on import taxes set to kick in Sunday.

By PAUL WISEMAN ANNE D'INNOCENZIO, AP Business Writers August 31, 2019
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