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US fires first shot in trade war with alliesTariffs to hit EU, Canada and Mexico with tit-for-tat retaliation likely

The U.S. says it wants a currency clause in any trade agreement with Japan. As the two sides prepare to sit down, Japanese officials say there is no need to talk about currencies. Masatsugu Asakawa, the nation’s currency chief, has indicated opposition to a currency clause, saying recently that the link between the yen’s exchange rate and […]