China's factory-gate prices fell 0.8% in June, the 21st straight month of contraction. Biden administration imposing tariffs on Mexican imports with Chinese steel or aluminum. Lumber prices dropped over 24% since March peak.
Honeywell acquires Air Products' LNG business for $1.81 billion. Samsung workers in South Korea strike over pay. TSMC's sales surged 40% to $20.7 billion in Q2.
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