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In the 1980s, US President Ronald Reagan initiated a military spending race with the Soviet Union that ended up altering the global balance of power in ways that affected many countries worldwide. Could Donald Trump’s tariff race with China lead to a similar outcome?

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President Donald Trump says he wants to save the U.S. auto industry by slapping tariffs as high as 25 percent on foreign-made cars, but there’s a problem: Automakers don’t want his help. The White House thinks the penalties would encourage domestic investment and automotive production and support U.S. workers — and Trump is pressing his […]

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