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U.S. Sanctions Rival Tariffs for Drawing World Economy Headlines

Bloomberg
U.S. Sanctions Rival Tariffs for Drawing World Economy Headlines

The U.S. went on a tear this week internationally, slapping either tariffs or sanctions on several economies.  Here’s our wrap of what’s going on in the world economy: Trade Winds Both sides turned up the volume in the ongoing U.S.-China trade spat, with Trump claiming the upper hand as the U.S. readies levies on a fresh $16 billion basket for Aug. 23 and Chinese officials promising to retaliate. Tariff threats have become the only trade that’s sure to endure between the two largest economies, while China figures show their imports and exports have yet to take a real hit even as other parts of the economy might falter anyway. Inflation might not even show up. The White House has mid-term election