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US Ambassador Warren Stephens has voiced concerns about the UK economy. High energy costs and pharmaceutical pricing are hindering business and investment. Stephens stated energy is the main obstacle to deeper US-UK relations. He noted that businesses find the UK expensive due to these costs. The UK previously agreed to a trade deal with the White House.
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News and Media
China is easing trade tensions with the United States. Retaliatory tariffs on American farm goods will be removed. Export controls on several US companies are also being lifted. This follows Washington's reduction of tariffs on Chinese fentanyl-related products. The moves signal a stabilization in the relationship between the two economic giants. Agricultural trade is expected to see a revival.
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News and Media
US services sector activity saw a rise in October with strong new orders. However, employment remained weak, indicating a sluggish job market. This comes amid economic uncertainty driven by import tariffs. The services sector, crucial to the US economy, showed mixed signals. The government shutdown also impacted economic data visibility.
Category:
News and Media
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