Ten Things You Need to Know Today: Friday 10 May 2019

1. Trump goes ahead with China tariff increase

US President Donald Trump continued his trade war with China early this morning by raising tariffs on thousands of Chinese imports from 10% to 25%, after last-minute talks between the two nations failed. China said it “deeply” regretted Trump’s decision to escalate the trade conflict and added that it would announce countermeasures soon.

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