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Trump’s trade war will deter interest rate cuts even as growth risks intensify
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US President Donald Trump’s threat to announce broad reciprocal tariffs to match the rates that US exporters face on April 2 may change the calculus.
PHOTO: TIERNEY L CROSS/NYTIMES
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SINGAPORE – An escalating trade conflict between the US and its top trade partners has heightened fears of an economic downturn.
At the same time, the likelihood that tariffs will reinvigorate inflation may force many central banks, including the US Federal Reserve, to hold back from cutting interest rates.
