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Hanoi vows to crack down after discovering 'dozens' of types of products subject to fraud designed at dodging Trump's import levies

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Trade negotiations with China could resume soon, in the flash of a tweet. But it will take a long time to reach a deal, and much longer to seal it.

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US President Donald Trump said on Friday (June 7) night that his country has reached a signed agreement with Mexico to avert the threat of tariffs on all Mexican imports next week.

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The International Monetary Fund has called for a speedy end to the deepening trade war between the United States and China after calculating that the tit-for-tat tariffs will cost $455bn (£357.5bn) in lost output next year – more than the size of South Africa’s economy.

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President Donald Trump's tariffs are driving some manufacturing out of China, but much of it remains outside of the United States.

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Vietnam is the biggest winner from the shift in supply chains caused by the nearly year-long trade war between China and the United States, according to a report, as importers from the world’s two largest economies sought to avoid paying increased tariffs.

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China accused the Trump administration of committing "economic terrorism" on Thursday.

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Asian countries are hoping the United States - China trade war will permanently boost manufacturing as brands dodge the row by choosing cheaper locations to make their goods.

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With both the U.S. and China avoiding any severe economic downturn so far, there’s little incentive for the two countries to strike a trade deal quickly, according to UBS Global Wealth Management.

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President Trump has been right to focus on the economic and trade challenges China presents to the United States. But his approach risks producing a deal with only short-term wins and enormous longer-terms costs.

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