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150 Trump’s tariffs have already failed at their main job

Vox
Andrew Prokop @ Vox · 05/12/2025 17:00 EDT

Trump’s tariffs have already failed at their main job

Markets rejoiced as the US and China reached a temporary truce of sorts in their trade war Monday, sharply reducing tariffs in a “90-day pause.” For Trump, this was a climbdown. He had severely escalated the trade war against China, starting on “Liberation Day” when he began hiking tariffs through the roof — all the […]

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