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China Admits Trump Tariffs Taking a Toll on Its Economy


China’s economy showed signs of weakening in July, with Beijing openly acknowledging that

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U.S. tariffs are taking a toll, multiple outlets reported. Official data from Beijing released Friday showed industrial output, retail sales and investment all fell short of expectations, while unemployment ticked up. The slowdown is unfolding amid ongoing trade negotiations with the Trump administration, putting pressure on China’s export-driven economy. The U.S. trade deficit dropped in June to its lowest level in two years.

 
 
 

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