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The Guardian - UK
The Guardian - UK
World
Heather Stewart Economics editor

US firms say Trump trade war is hitting production as dollar nears three-year low

Donald Trump United States Scott Bessent ISM
Pile of US money
The dollar dipped to $1.3542 against sterling after the downbeat manufacturing survey was published. Photograph: D Hurst/Alamy

US manufacturers have warned that Donald Trump’s trade war is hitting production, pushing the dollar close to a three-year low against sterling on Monday.

The greenback suffered a fresh sell-off, after the closely watched ISM survey of the manufacturing sector signalled a third monthly decline in output in a row.

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