U.S. manufacturing contracted orders due to uncertainty over Trump's tariff policies. According to the Wall Street Journal, companies have been cautious in waiting for the Supreme Court's ruling on the president's tariff authority, with November purchases falling to a six-month low, indicating a significant slowdown in supply chain activity. Meanwhile, U.S.-India trade negotiations are underway in New Delhi for two days. The two countries are trying to finalize a phased agreement, with the first phase focusing on the retaliatory tariffs of up to 50% imposed by Trump in response to India's purchase of Russian oil. Washington and New Delhi hope this will pave the way for a broader trade arrangement.
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Original: toutiao.com/article/1851185569676490/
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