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Trump signs executive order on tariffs to extend deadline

Trump signed an executive order extending the tariff deadline to August 1, sparking global concern and market volatility. Trump once again waved the tariff stick, affecting six Asian countries such as Japan and South Korea and South Africa. The European Union strived to reach a trade agreement. Tesla's market value evaporated by more than 68 billion dollars. Nissan plans to issue bonds to raise 4 billion dollars. Goldman Sachs expects the Federal Reserve to cut interest rates in September.

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