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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Americans were told reciprocal tariffs would be simple. “Reciprocal, that means they do it to us, and we do it to them,” said President Donald Trump on Wednesday. “Very simple, can’t get any simpler than that.”
Then the full list of countries’ tariffs came out, and it was . . . not simple. At least not in the “easily understood” meaning of the…
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