Markets are preparing for an international game of tariff bluff—but President Trump may no longer need to back down

With Trump’s August 1 tariff deadline looming, analysts including Deutsche Bank’s Jim Reid and Goldman Sachs’ Sven Jari Stehn suggest the sharp escalation is more likely a negotiation tactic than a firm policy shift. While EU leaders are delaying countermeasures in hopes diplomacy prevails, UBS…
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