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Trade war

Global companies begin to hike prices as trade war sinks in

Inflation and tighter monetary policy risk hurting economies of US and China

Mercedes-Benz parent Daimler and other foreign automakers are raising prices of imported cars in China amid higher tariffs.
Mercedes-Benz maker Daimler and other foreign automakers are raising prices of imported cars in China amid higher tariffs.   © Reuters

TOKYO/SHANGHAI -- Tit-for-tat tariffs imposed by the U.S. and China are prompting businesses to pass the higher costs onto customers, a trend that will potentially add to inflation pressure in both countries.

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