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Merz must demand liberal markets in China

German Chancellor and Christian Democratic Union of Germany (CDU) party leader Friedrich Merz speaks at the CDU federal party conference before the election of the federal chairman. Kay Nietfeld/dpa The German automotive industry expects Chancellor Friedrich Merz to demand market liberalization during his trip to China. “The German side must present a detailed account of…

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What the Supreme Court’s decision to strike down tariffs means for L.A.’s trade-dependent economy

The Supreme Court’s decision Friday to strike down the majority of tariffs imposed by President Trump could provide some relief to L.A.’s trade-reliant economy — but only if they are not reimposed again through other means. The court’s 6-3 ruling that Trump didn’t have the authority to impose tariffs under the International Emergency Economic Powers…

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Compass shifts its trading to dollars

This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch Compass is that rare beast —  a British company that is a genuine world leader in its field. The world’s biggest contract caterer, which annually serves 5.5 billion meals in schools, colleges, workplaces, hospitals and sporting venues in more than 25…

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