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Earlier this month, Donald Trump won a second term in the White House. During his campaign, Trump pledged an economic policy that promises to revitalise American manufacturing and counter what the US regards as China’s unfair trade practices.

Trump has vowed tariffs of up to 20% on all imports into the US and additional tariffs of 60% on goods from China. The US already imposes tariffs in those ranges, and higher on certain categories of goods, notably a 100% tariff rate ...

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