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So 2 scenarios: - US largely caves, reverses most of the big tariff hikes in return for largely token concessions, EU/China play along. - Trump realises he's miscalculated, but digs in, EU/China decide to let him stew for a while, all this drags on. First seems more likely, but we'll see. (3/3)
May 9, 2025, 8:11 AM