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Companies

Cisco's China revenue drops 25% and outlook dims amid trade war

Share price falls as US company says main products soon to be hit by tariffs

Cisco says it is no longer allowed to bid on some contracts from Chinese state-owned enterprises.   © Reuters

PALO ALTO, U.S. -- Network equipment maker Cisco Systems said on Wednesday its China revenue fell 25% in the past quarter due to the ongoing trade war and provided weaker guidance for the next quarter as the U.S. company expects its main products to be hit by tariffs soon.

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