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Trump demanded that all U.S. trading partners lower barriers, or be faced with reciprocal trade penalties. “Trade must be fair and no longer a one way street!” the president exclaimed.

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The Dow Jones Industrial Average and the S&P 500 both closed the month with their biggest January gains since the 1980s. The industrial average’s 7.2% rise was its best January performance since 1989, while the S&P’s 7.9% advance was its best start to a year since 1987.

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