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(Bloomberg) China is facing pressure on trade as foreign shipments drop off and domestic demand remains weak — and a darkening global growth outlook and geopolitical tensions make a reprieve unlikely anytime soon.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsNATO Is Papering Over the Cracks After Zelenskiy Loses His CoolFund Titans Are Betting on Everything Gaining Against the DollarInflation at 3%
China’s exports fell for a second straight month in June, adding to the economic pain that has slowed the nation’s recovery this year. Exports declined 12.4 percent in dollar terms in June from a year earlier, while imports dropped 6.8 percent, the customs administration said Thursday. That left a trade…
U.S. Treasury Secretary Janet Yellen struck a positive but pragmatic tone after completing a high-stakes trip to China that aimed to reassure officials the U.S. won’t hold back its biggest