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China vs US trade war will be joined by others. Expect some combination of slowing growth, higher prices, lower employment worldwide, including in US
China has let loose a salvo in response to Trump’s tariff assault. Yesterday, it announced a 34% import duty on all US goods. This reciprocal tariff is at exactly the same rate as the one Trump had imposed on imports from China, on April 2. The world’s two largest economies, which are also the two largest trading nations,...
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