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Trade war

Trade war begins to squeeze Chinese wallets

Tariffs on US products from cars to soybeans drive faster inflation

China's tariffs have resulted in higher prices for U.S. soybeans, which puts upward pressure on pork prices.
China's tariffs have resulted in higher prices for U.S. soybeans, which puts upward pressure on pork prices.   © Reuters

BEIJING -- The Sino-American trade war is fueling wide-ranging price increases in China, making authorities nervous as the impact starts to reach consumers.

China's consumer price index climbed 2.5% on the year in September, a 0.2 percentage point increase from August, the National Bureau of Statistics reported Tuesday. This was the fastest rise aside from the period around the weeklong Lunar New Year -- when outsize consumption tends to distort economic data -- since May 2014.

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