Downside Risks for US Trade

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Before the coronavirus pandemic, one of the major market volatility driving forces was the U.S. and China trade war. Since President Trump’s election in 2016, the United States changed its foreign policy drastically, Warning of new tariffs on goods from China, Europe, and even some closer partners like Canada and Mexico. 
In some cases, tariffs were imposed. In some other instances, they were the basis for ongoing negotiations, especially with China.
The markets rose and…

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