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The US is one of the top hides and skins suppliers to the global leather manufacturing industry. The producers regularly export more than 90 percent of total US production of these products, according to the association.

The United States ranked first for trademark applications in 2019 with 54,000 filings, a 5.3 percent increase over 2018, and Japan second with 31,000, growing 21.2 percent from the previous year. Britain was third with a 42.4 percent year-on-year increase of 24,000 applications.

The US stock markets had a very long and unprecedented bull run for the past 11 years. The S&P 500 index rose 4.6 times from December 2008 to February of this year. During last year alone, it rose almost 20 percent, but the epidemic has wiped out more than two years of increases.

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The US economy totaled about .41 trillion in 2018. That means a decline in consumer spending won't be an apocalyptic event — except to those who personally experience cutbacks.

The US has been detached from electronic manufacturing industry for a very long time, and thus does not have a complete supporting industry chain. But in southern China's Shenzhen, at least 10 suppliers could be found in a single day, said a US professor studying supply chain management.

The United States chip giant Intel Corp is stepping up efforts to target designers in China by unveiling a new category of tailor-made personal computers in cooperation with its industry partners.

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The US move came hours after the DPRK fired two projectiles toward the sea, the second weapons launch in five days. Some critics saw the launch as a possible signal that stalled talks over its nuclear weapons program are in trouble.

The US economy is strong, the job market continues to expand as wages rise and inflation remains low, but the coronavirus (COVID-19) in China poses a potential threat to continued prosperity worldwide, Federal Reserve Chairman Jerome Powell told members of Congress on Tuesday.

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The UN agency noted that most Asian countries have attempted to control the production and use of plastic bags through levies and plastic bag bans. But poor enforcement has kept these policies from making a dent in plastic consumption.

The US has emerged as the main backer of the Kurdish fighters in northern Syria, supporting the group in their battles against the Syrian city of Raqqa, the de facto capital of the Islamic State group.