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By Emma Rumney LONDON (Reuters) -Popular vape brands like Geek Bar may get more expensive in the U.S. - if you can find them at all. Shipments of vapes from China to the U.S. ground to a near halt in May from a year ago,
President Trump's trade war is causing the global economy to slow, with growth now heading for its weakest pace since the COVID-19 pandemic, the OECD warned on Tuesday. The OECD cut its forecasts for most G20 economies and warned that easing trade tensions is key to boosting investment and keeping prices stable.
President Trump doubled almost all aluminum and steel import tariffs, seeking to curb China’s growing dominance in global trade. These six charts show the tariffs’ potential economic effects.
China's services activity expanded at a slightly faster pace in May, with new orders growing more quickly than in April, a private sector survey showed.
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A crash in Chinese coal prices, and a flood of clean energy, are cutting power rates in major industrial hubs, easing pressure on some of the factories caught in the crossfire of trade hostilities with the US.
So far, China has made no official public threat about weaponizing its dominant position in this segment of the pharmaceutical industry. But Trump’s tariffs on the sector, if imposed, could worsen existing drug shortages and drive up prices for Americans,
The U.S. declined to label China a currency manipulator in a new Treasury report, but accuses Beijing of standing out among America's major trading partners for lacking transparency.
General Motors profits face risks from declining China sales, trade tensions, and rising costs. Click here to read an analysis of GM stock now.