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The United States and China have sharply raised tariffs on each other’s imports over the last week, raising the prospect of a long and painful trade war between the world’s two largest economies. Even as investors rallied to his decision to…

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 16, 2024. REUTERS/Brendan McDermid/File Photo

A sharp sell-off in U.S. government bond markets has sparked fears about the growing fallout from President Trump’s sweeping tariffs and retaliation by China, the European Union and others, raising questions about what is typically seen as the safest corner…

The photo shows the CBD area bathed in the golden light of the setting sun. (Photo by Mao Zehao)

Beijing on Wednesday called for “dialogue” with Washington even as it vowed to take “forceful measures” to protect the Chinese economy from President Donald Trump’s 104 percent minimum tariffs. A worsening trade war between the world’s two biggest economies has…

Economy