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US consumers dragged into trade war as ‘growth hit’ seen

Bloomberg President Donald Trump’s decision to impose tariffs on an additional $200 billion of imports from China drags the biggest part of the US economy into the thick of the trade war, threatening to deliver a more direct hit to growth. The 10 percent tariffs announced on Monday — which take effect from September 24 and will rise to 25 ...

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Stocks gain even as trade tensions grow; oil rises

Bloomberg Global equity markets reacted calmly to the latest salvos in the intensifying trade war between the US and China. Treasuries retreated and oil gained. The S&P 500 Index rose on Tuesday, led by technology shares, even after Beijing responded to President Donald Trump’s announcement of fresh levies by saying it will impose tariffs on $60 billion of US goods ...

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Global markets at mercy of dollar arrive at ‘fork in the road’

Bloomberg Global markets have arrived at an inflection point, with the dollar’s fate poised to determine whether the extreme divergence in equities continues, according to Oxford Economics. “There is a fork in the road,” writes Gaurav Saroliya, director of global macro strategy. The shop is positioning for a weaker greenback, a development that researchers there say would allow non-US equities ...

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