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German factory orders fall amid tariff, growth woes
German factory orders fall amid tariff, growth woes
Business and Economy
by  AFP

German industrial orders unexpectedly fell in June, official data showed Wednesday, as Europe's biggest economy struggles with prolonged domestic weakness and volatile US trade policy. Orders from abroad fell three percent, with a particularly heavy drop from countries outside the eurozone, while domestic orders increased slightly.

Taiwan's orchid growers dig in as US tariffs shoot up
Taiwan's orchid growers dig in as US tariffs shoot up
Business and Economy
by  AFP

Since the start of US President Donald Trump's global trade war, Taiwanese orchid grower Lee Tsang-yu has watched tariffs on his seedlings shoot from nothing to 20 percent. Until now, most growers have been absorbing the cost of the 10 percent tariff that Trump slapped on nearly every trading partner in April, said Ahby Tseng, 53, secretary-general of the Taiwan Orchid Growers Association.