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Donald Trump has postponed imposing overcapacity tariffs on more than a dozen economies, including China and Japan, as the midterm elections approach.
U.S. President Donald Trump has postponed imposing overcapacity tariffs on more than a dozen economies, including China and Japan. Previously, U.S. officials had completed the investigations required to levy the new tariffs, a key step in the Trump administration's renewed protectionist agenda. The move aims to balance voter concerns about prices with a fragile trade truce with China, ahead of the upcoming U.S. midterm elections.
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The 10-year U.S. Treasury yield is down approximately 8 basis points from its previous close, currently at 4.96%.
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