US-China Trade Talks and Tariff Developments in Focus
TL;DR Summary
US-China trade talks in Sweden ended without an extension, risking tariffs to revert to April levels if no deal is reached by August 12, causing market declines. Despite some positive earnings reports from Boeing and Starbucks, concerns remain over macroeconomic uncertainty, with attention now on the Federal Reserve's upcoming policy decision. Additionally, South Korean AI chip startup Rebellions, backed by Samsung, is seeking funding ahead of a public listing.
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