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China is imposing 34% tariffs on all U.S. goods affecting industries like aviation, semiconductors, and agriculture. Boeing, Intel, and U.S. farm equipment companies will face significant impacts. This move also includes suspensions on certain agricultural imports. These actions are part of a retaliatory measure against U.S. President Donald Trump's policies.
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Major stock indexes from Shanghai to Tokyo and Sydney to Hong Kong plunged when they opened on Monday.
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As exporters from countries such as Vietnam, South Korea, and Japan shift their focus to alternative markets like India and the Middle East, Indian manufacturers are now contending with a wave of low-cost imports.
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News and Media
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