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Trump’s return threatens resurgence of trade wars
Donald Trump’s second presidential term promises a return to tariffs as he pressures partners and rivals to tackle everything from migration to drug trafficking, while protecting US industries — in moves that could trigger new trade wars.Even before taking office, Trump has raised the prospect of fresh levies on companies, countries and groups of states …
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US announces new restrictions on AI chip exports
The United States unveiled new export rules Monday on chips used for artificial intelligence, furthering efforts to make it tough for China and other rivals to access the advanced technology in Joe Biden’s final days as president.The announcement of the restrictions drew a fiery pushback from Beijing and prompted US chip industry criticism, while the …
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Stock markets mostly fall as traders trim US rate cut bets
Global markets mostly retreated on Monday after traders trimmed bets on US Federal Reserve rate cuts and oil extended a rally sparked by new sanctions on Russia’s energy sector.Equities had tumbled Friday following strong US jobs data that traders viewed as lessening the odds of Federal Reserve interest rate cuts in 2025.Wall Street began the …
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