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Gold remained in the red on Friday after the U.S. began collecting tariffs on $34 billion in Chinese goods.U.S. President Donald Trump’s initial round of tariffs on China came into effect at 12:01AM ET (04:01 GMT) today. Further, Trump told reporters that another $16 billion are expected to go into effect in two weeks, and that he is considering to impose additional tariffs on $500 billion in Chinese goods if Beijing retaliate.