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Swedish engineering group Trelleborg missed market forecasts for second-quarter core earnings on Thursday, as U.S. President Donald Trump's trade war made customers cautious to place new orders, although it said business activity improved towards the end of the quarter.
Inside the supply chain, more companies bringing goods into the U.S. are using financing strategies to hold more cash and less inventory on their books.
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American companies in China are reporting record-low investment plans and declining confidence in profits this year.
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Goldman Sachs reported its best-ever quarter for stock trading. Wall Street banks have posted mostly strong results for the second quarter.
Trump's trade war boosts gold's safe-haven appeal. Explore why Northern Star & Equinox Gold are standout 'buy the dip' picks with strong growth potential!
Recent headlines including President Trump's 50% tariff on copper and the Pentagon's deal to buy a stake in rare earth elements miner MP Materials highlight the importance of the metals market in the trade war.
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Money Talks News on MSNTrump's Trade War Hits Your Dinner Plate: Beef Prices Set to SkyrocketPresident Trump's 50% tariff on Brazilian beef imports takes effect August 1st, threatening to drive up burger and grocery prices nationwide.
Countries are preparing to respond in-kind if Trump follows through on his latest threats. Domestic industries fear the worst.