How a China Trade Deal Would Put Stocks on Course for New Records
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The U.K. deal covers a relatively small amount of trade and didn’t remove the 10% baseline tariff on exports to the U.S. That’s a bad precedent, considering the U.S. has a trade surplus with Britain and might have been expected to offer generous terms. President Donald Trump’s tariffs are already increasing prices on consumer goods and more hikes could be ahead.
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