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The markets are playing chicken against Trump on hopes the Fed will rescue them if their call is wrong

Upworthy Monday, 14 July 2025 ()
President Trump is layering tariff upon tariff—he added 30% to Mexico and Europe over the weekend—and the markets are still trading near their all-time highs on the assumption that Trump will back down. They’re also betting that the Fed will ease interest rates if the tariffs hurt the U.S.…
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