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AI demand keeps China's export engine humming

AI demand keeps China's export engine humming

By Yukun Zhang and Ryan Woo BEIJING, Aug 7 (Reuters) - China's exports beat expectations in July, remaining a key driver of economic growth as the global AI infrastructure boom fuelled demand for high-tech goods and exporters rushed shipments ahead of higher U.S. tariffs.
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China's July exports beat expectations on robust high-tech demand

China's July exports beat expectations on robust high-tech demand

By Yukun Zhang and Ryan Woo BEIJING, Aug 7 (Reuters) - China's exports beat expectations in July, remaining a key pillar of economic growth for the manufacturing powerhouse, as the global AI infrastructure buildout continued to power demand for high-tech goods.
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China's July exports growth likely cooled but still robust

China's July exports growth likely cooled but still robust

BEIJING, Aug 6 (Reuters) - China's export growth likely lost some steam last month after June's blistering surge, but remained robust, a Reuters poll showed, powered by global demand for AI-related goods and a rush of shipments by factories ahead of expected higher U.S. tariffs.
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Trump unveils trade actions to compete with China on solar and chips

Trump unveils trade actions to compete with China on solar and chips

By Nichola Groom and Alexandra Alper WASHINGTON, Aug 6 (Reuters) - The White House on Thursday imposed a series of price floors and a 15% tariff on products made from polysilicon, the raw material used in semiconductors and solar panels that is primarily produced by China. U.S.
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Trump unveils trade actions to protect key solar and semiconductor material

Trump unveils trade actions to protect key solar and semiconductor material

By Nichola Groom and Alexandra Alper WASHINGTON, Aug 6 (Reuters) - The White House on Thursday imposed a series of price floors and a 15% tariff on products made from polysilicon, the raw material used in semiconductors and solar panels.
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Exclusive-US weighs polysilicon price floor, tariffs to counter China in solar and chips

Exclusive-US weighs polysilicon price floor, tariffs to counter China in solar and chips

By Nichola Groom Aug 4 (Reuters) - The Trump administration is preparing to set a price floor and impose tariffs on polysilicon and related products, according to four people familiar with the plan, putting a material critical to solar panels and semiconductors at the center of U.S. efforts to
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US weighs polysilicon price floor, tariffs to counter China in solar and chips

US weighs polysilicon price floor, tariffs to counter China in solar and chips

Aug 4 (Reuters) - The Trump administration is preparing to set a price floor and impose tariffs on polysilicon and related products, according to four people familiar with the plan, putting a material critical to solar panels and semiconductors at the center of U.S. efforts to compete with China on
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Declining imports compress US trade deficit in June

Declining imports compress US trade deficit in June

By Lucia Mutikani WASHINGTON, Aug 4 (Reuters) - The U.S. trade deficit narrowed in June, but the trend is unlikely to be sustained amid an artificial intelligence buildout that is heavily reliant on imports.
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Canadian factory PMI rises to four-year high on firmer domestic demand

Canadian factory PMI rises to four-year high on firmer domestic demand

By Fergal Smith TORONTO, Aug 4 (Reuters) - Canada's manufacturing sector expanded in July at the fastest pace in more than four years as rising domestic activity boosted production and new orders, but weak international demand raised doubt over the sustainability of the increase.
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Analysis-A separation of Tesla’s China business ahead of a potential SpaceX merger could get tricky

Analysis-A separation of Tesla’s China business ahead of a potential SpaceX merger could get tricky

By Chris Kirkham and Ju-min Park Aug 4 (Reuters) - Tesla has several paths to separating its China business – each of them complicated – should CEO Elon Musk decide that’s a necessary step to combine the automaker with his rocket company SpaceX.
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Analysis-US stock market could ride earnings strength to more gains after S&P 500 hits record

Analysis-US stock market could ride earnings strength to more gains after S&P 500 hits record

By Lewis Krauskopf NEW YORK, Aug 5 (Reuters) - As the U.S. stock market soars to fresh record highs this week, investors say a powerful corporate profit engine, a reset in high-flying AI shares and still-reasonable valuations can further fuel the rally.
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US stocks leap toward a record as profits keep piling up and oil prices ease

US stocks leap toward a record as profits keep piling up and oil prices ease

The U.S. stock market is rallying toward a record as companies keep piling up profits and oil prices ease