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Trump’s latest trade actions are ‘not an escalation,’ economist says

“They realized they had hit things that they shouldn’t have, and so they took about $1.7 billion dollars off their list, added different products, almost as a one-for-one swap,” said William Pellerin, international trade partner at McMillan LLP, noting that the newly added items on the tariff list amount to about $1.8 billion.

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