Beijing reiterates its demand for Washington to remove trade duties it considers unilateral, highlighting ongoing tensions between the two largest global economies.
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Terms & Concepts
Tariff: A tax imposed on imported goods, typically used to protect domestic industries or influence trade balances.
Unilateral Tariff: A trade duty imposed by one country without negotiation or agreement with its trading partner.
Trade Policy: Government regulations and strategies that determine how a country conducts trade with other nations.