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China blocks some Taiwan imports but avoids chip disruptions
BEIJING (AP) — China has blocked imports of citrus, fish and other foods from Taiwan in retaliation for a visit by U.S. House Speaker Nancy Pelosi but avoided disrupting one of the world’s most important technology and manufacturing relationships. Sanctions on Taiwanese processor chips for Chinese assemblers of smartphones and other electronics could send shockwaves through the global economy. Beijing has announced military exercises including artillery fire in waters near Taiwan following Pelosi’s arrival in Taipei. That might delay or disrupt shipping. The potential disruption to trade and manufacturing adds to concerns that global economic growth might be weakening. Asian stock markets rose after there was no immediate sign of Chinese military action.
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Inflation weighs on back-to-school buying for many families
NEW YORK (AP) — This back-to-school shopping…
