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China manufacturing sinks again in July as US trade talks stall
China manufacturing sinks again in July as US trade talks stall
by  AFP

China's factory output shrank more than expected in July, official data showed on Thursday, logging its fourth straight month of contraction as Beijing battles to hammer out a trade deal with the United States. China's bruising trade war with the United States -- now on hold pending a deal -- has hit the export-dependent economy.

Clock ticks on US tariff hikes as Trump broadens blitz
Clock ticks on US tariff hikes as Trump broadens blitz
by  AFP

Time is running short for governments to strike deals with Washington to avert tariff hikes that Donald Trump has vowed against dozens of economies -- and the US president continues to expand his trade wars. This rate was set to rise to varying levels for dozens of economies like the European Union, Japan and others, but Washington twice postponed their implementation as financial markets gyrated.

Trump says US to impose 15% tariff on South Korean goods
Trump says US to impose 15% tariff on South Korean goods
by  AFP

President Donald Trump said Wednesday that the United States will impose a 15 percent tariff on imports from South Korea, as he touted a "full and complete trade deal" between both countries. In contrast with the 15 percent tariff for South Korea, Trump on Wednesday also placed 25 percent tariffs on imports from India and 50 percent on those from Brazil.

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