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China-U.S. Talks on Tariff Reduction Framework; ECB Raises Interest Rates by 25 Basis Points

Source: flash.jin10.com
The Ministry of Commerce revealed that China and the United States are currently negotiating a $30 billion reciprocal tariff reduction framework. The European Central Bank raised interest rates by 25 basis points as expected, the US August PPI annual rate rose to 5.4%, and markets expect a 70% probability of a Federal Reserve rate hike in September.

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