Trump’s China trade breakthrough might be enough to avoid self-inflicted recession
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New York CNN — President Donald Trump marched the US economy to the brink of a self-inflicted recession and a potential supply chain meltdown. But at the last moment, Trump decided to pull back. The US-China breakthrough unveiled Monday calls for a 90-day thaw in the trade war by slashing tariffs from suffocatingly high levels as trade was paralyzed between the world’s two biggest economies. The dramatic drop in US-China tariffs is an undeniable positive compared to just a few days ago. The
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