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Despite Trump, the US economy remains surprisingly resilient. But for how long? | Richard Partington

Thanks to stockpiling neither the markets nor consumers have been as badly affected by the trade wars as feared. But signs of trouble are looming

Chaotic and unpredictable, keeping up with Donald Trump’s volatile trade war – never mind his presidency – can be tough.

Back in April after his “Liberation Day” tariff announcement, the talk was of the president crashing the global economy. Then, after a Wall Street backlash, the world learned the acronym “Taco”, which stands for “Trump Always Chickens Out”. Now, things are heating up again.

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