U.S. to Raise Tariffs on $16 Billion of China Goods on Aug. 23

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The U.S. said it will begin imposing 25 percent duties on an additional $16 billion in Chinese imports in two weeks, escalating a trade war between the world’s two biggest economies. Customs will begin collecting the duties on 279 product lines, down from 284 items on the initial list, as of Aug. 23, the U.S. […]

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Trumps Trade War Is Killing American Blue Jeans

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Victor Lytvinenko is thumbing through emails on his iPhone trying to find the one that best shows the damage the global trade war has already done to his little, decade-old American jeans company. The 37-year-old — dressed in a black t-shirt, rolled-up blue jeans and a pair of Stan Smiths — eventually looks up after […]

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China Just Handed the World a 111-Million-Ton Trash Problem

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Few people consider used plastic to be a valuable global commodity. Yet China has imported 106 million tons of old bags, bottles, wrappers and containers worth $57.6 billion since 1992, the first year it disclosed data. So when the country announced last year that it finally had enough of everybody else's junk, governments the world over knew they had a […]

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How a $1.8 Billion Indian Bank Fraud Lasted Seven Years

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The story of how India’s biggest bank fraud went undetected for seven years includes an $81 million cyber-heist in neighboring Bangladesh, penny-pinching lenders and a series of missed opportunities. In 2016, after revelations that hackers had infiltrated the Bangladeshi central bank’s computer systems to spreads and various government agencies move to investigate, one thing stands […]

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