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President Donald Trump said Friday the U.S. markets could face some “pain’’ from the trade standoff with China and other countries but claimed that Americans would be better off in the long-run due to his protectionist actions.

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Trump has already faced harsh criticism for appointing his daughter as a senior White House adviser. Nominating her as World Bank president would likely have unleashed an uproar from Trump’s critics, and perhaps even from some Republicans.

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