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As tariffs get real, Trump could edge back from the brink
His risky tariff policy has given trading partners and markets the jitters. The US President could be poised to stage a tactical retreat.
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The Trump administration believes it has entered uncharted waters after putting a thumping 145 per cent tariff on China.
PHOTO: TOM BRENNER/NYTIMES
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WASHINGTON - It’s spring in DC. The pretty pink and white cherry blossoms, which draw thousands to the national capital at this time, have more or less faded. The sun is riding higher and it is getting hotter, perhaps presaging a torrid summer.
This week, finance ministers and central bank governors from around the world will descend upon the city for the spring meetings of the World Bank and the International Monetary Fund. It is an annual exercise to keep the cogs of trade and commerce turning smoothly in an economic machine fashioned by the US after World War II.
