Markets & policy update. To view this email as a web page,
click here | | Should Trump officially announce more tariffs on China and if Beijing's counter-retaliation includes provisions of the Phase 1 agreement, the pressure would be on Trump and congressional Republicans to announce a more robust trade mitigation program similar to the Market Facilitation Programs paying out $28 billion in total. And if so, would it guarantee the total amount of money China committed to buy relative to U.S. farm and energy products? The U.S. government's money printing press, already overloaded, would be put into high gear.
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