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  • Kruman ‘amazed’ at market complaceny amid brewing trade war
  •  Summers warns policy makers to avoid quickly cutting rates

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Due to China’s massive trade surplus over the U.S., China can’t keep up with the magnitude of Trump’s levies — Beijing doesn’t buy enough American goods on which to impose the equivalent volume of tariffs. China may further devalue the yuan — down 8 percent since May — to help its exports, but too much […]

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