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CNBC Daily Open: The U.S.-China deal revives markets and the idea of a 'Trump put'

Upworthy Tuesday, 13 May 2025 ()
Over the weekend, both the U.S. and China agreed to reciprocally slash tariffs on each other for 90 days from 125% to 10%. That's much more than expected, as Trump on Friday has said that an 80% tariff on China "seems right!" The U.S. is still keeping its 20% fentanyl-related levy on China, so the…
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