With Tariff Retreat, Trump Cedes Leverage to China
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T his article is part of The D.C. Brief, TIME’s politics newsletter. Sign up here to get stories like this sent to your inbox. Donald Trump just did the economic equivalent of Control-Alt-Delete on his trade policy. No, he didn’t fully retreat but he backed down enough that he’s ceded almost all of his leverage. That does not mean he admitted the chaos he unfurled was an entirely unnecessary self-inflicted trauma —or that he fully understands his role in sending the global economy into a
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