FRANKFURT (Reuters) -Euro zone companies are facing a slowing economy and increased competition from China as U.S. tariffs dent confidence and force rivals to seek new markets, a European Central Bank poll showed on Friday.

China's reliance on exports for economic growth will be a key topic in U.S.-China trade talks this coming week in Stockholm

Trump has rolled back many of his steepest tariffs over recent months, including a sky-high levy on China, the top source of U.S. imports. In recent days, however, Trump announced plans to slap tariffs as high as 50% on dozens of countries, including 25% tariffs on top U.S. trade partners such as Japan and South Korea.

With inflation creeping back into the US economy, it's as important as ever to have a firm grasp on Donald Trump's tariffs and what they mean.

China's economy is likely to have cooled in the second quarter after a solid start to the year, as trade tensions and a prolonged property downturn drag on demand, raising pressure on policymakers to roll out additional stimulus to underpin growth.

External demand continues to support Chinese economic growth, as the first-half trade surplus surged to a new high of $586bn.

Experts say uncertainty surrounding tariffs and U.S. trade policy is casting a shadow over Indiana’s manufacturing-heavy economy, raising concerns about potential economic softening in the quarters ahead as businesses remain in limbo.

While Philippine exports to the United States are still set to face a 19% tariff, economists expect only limited impact on the country's economy given its relatively low dependence on American demand compared with other Asian economies,