Trump Seeks Trade War Off-Ramp
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The Trump administration is reportedly seeking a less confrontational approach to its global trade war, aiming for public announcements of trade pacts rather than formal agreements. India is expected to be the first to receive such an announcement, potentially followed by Japan, the UK, Australia, and the EU. However, the US negotiating team's unclear demands have caused delays, exemplified by stalled Japanese negotiations. While the administration acknowledges the US's reliance on global trade, particularly with China, concerns remain about the economic damage caused by tariffs and the possibility of Trump reversing course.
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