US EditionFlash Note: Risk Reduction
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Flash Note: Risk Reduction
Trades in Soda and Whisky;Following yesterday’s note, China has retaliated with 34% retaliatory tariffs, and this is now escalating into a global trade war. The Liberation Day tariffs are disastrous for the stockmarket and the economy. I would expect Trump to act and bring some good news, but the risk is that he doesn’t.
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