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Despite threats of retaliation from China over U.S. plans to impose tariffs on up to $60 billion in Chinese goods, Treasury Secretary Steve Mnuchin on Sunday said President Donald Trump had no intention of backing down and was not worried about a trade war.

“We are going to proceed with our tariffs. We’re working on that,” Mnuchin told “Fox News Sunday.” “So, as President Trump said, we’re not afraid of a trade war, but that’s not our objective.”

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