Russia Grabs Nestle Assets, Trump Holding Off on China Tariffs

Russia took control of Nestle's and Auchan's local operations, marking the largest seizure of foreign corporate assets in the country since at least 2024. The U.S. is expected to delay announcing new tariffs on China and other trading partners until after a summit between Presidents Xi Jinping and Donald Trump scheduled for the following week, according to Bloomberg reporting.

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