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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden

Trump’s trade war risks undermining his hopes of hefty US interest rate cuts

Donald Trump speaks during a dinner with state governors in the East Room of the White House
The trade war is one of Donald Trump’s signature policies. Photograph: Mandel Ngan/AFP/Getty

Donald Trump and Denis Healey don’t have much in common. One of the greatest prime ministers Britain never had shares little of his famous hinterland with what some historians see as one of the worst occupants of the White House.

But Trump would be well advised to remember Healey’s first law of holes – when you’re in one, stop digging

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