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China warns of 'tax war' after Trump pledge to slash rates People's Daily says US president could 'endanger the global economy' and damage 'export-oriented countries' Chinese leaders are worried about Donald Trump engaging in a "tax war" with Beijing, potentially fuelling tensions between the two countries already strained by problems such as North Korea, trade and the South China Sea. A commentary in the People's Daily, the official mouthpiece of the Communist party, attacked Trump's plan to reduce taxes on companies and simplify swaths of US tax code,...
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