Trump sets $50 billion in China tariffs with Beijing ready to strike back
June 15, 2018Wall Street ends lower; trade war fears resurface
June 15, 2018Trump tariffs a rounding error for U.S. economy so far, that may change
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WASHINGTON (Reuters) – U.S. President Donald Trump’s new trade tariffs will lop at most a couple of tenths of a percentage point off U.S. growth and add a similar amount to inflation, small fry for a $19 trillion economy that is experiencing its second longest economic expansion on record.
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