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In this episode of The PDB Afternoon Bulletin:

• First, an update on the ongoing trade war, as China hits back at Trump’s massive 145 percent tariff by hiking rates on U.S. goods. But officials with the CCP also signaled it will likely be their last escalation, saying they will ignore any additional tariff increases by the US.

• Later in the show, a bombshell report reveals that Chinese officials acknowledged in a secret meeting that their government is behind widespread cyberattacks targeting critical U.S. infrastructure over America’s support for Taiwan.

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