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Making Good on Goods
by Matthew Mensley May 12, 2025
Is the trade war cooling already?

China and the U.S. have agreed to a temporary 90-day reduction of 115% on their blanket tariffs. But don’t pop the champagne just yet. Printing prices that have stepped up over recent months are unlikely to drop suddenly. The costs incurred so far need to be eaten by someone, and could well end up spread across any new stocks imported under the lower rates.

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