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Stock impact report

Oil prices flat as US-China trade war weighs on global growth outlook [Yahoo! Finance]

Baker Hughes Company (BKR) 
Company Research Source: Yahoo! Finance
Brent crude futures were up 4 cents, or 0.06%, at $64.80 a barrel at 0009 GMT. U.S. West Texas Intermediate crude futures were trading at $61.53 a barrel, up 3 cents, or 0.05%. Beijing increased its tariffs on U.S. imports to 125% on Friday, hitting back against President Donald Trump's decision to raise duties on Chinese goods and raising the stakes in a trade war that threatens to upend global supply chains. Trump on Saturday granted exclusions from steep tariffs on smartphones, computers and some other electronics largely imported from China, but U.S. Commerce Secretary Howard Lutnick on Sunday said that critical technology products from China would face separate new duties along with semiconductors within the next two months. The trade war has heightened worries that unsold exports could continue driving domestic Chinese prices down. "Inflation data from China were a window into an economy that is not in shape for a trade fight. Consumer prices fell for a second month in Show less Read more
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