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China plans to take "necessary countermeasures" in response to the US' decision to increase tariffs to 25 percent on $200 billion in Chinese goods, a decision China's Commerce Ministry said it "deeply regrets." The ministry did not elaborate on what those countermeasures might be, but added in a statement that it hoped the US could come to a mutually satisfactory agreement with China through "cooperation and consultation." Beijing's statement was made as the increase in tariffs took effect at the turn of midnight on Friday Eastern Time, between two days of desperate talks aimed at rescuing a trade deal that has been in the making for months now. US President Donald Trump announced the hike on Sunday, accusing China of backtracking on commitments it had made while fleshing out the deal; he later said, "they broke the deal." Chinese officials rushed to the US to continue the negotiations, a move they said proved that they were "serious" about reaching an agreement. None has been...