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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
The decorative cowboy boots and soccer balls covered in stars and stripes in Walmart’s superstore in Grapevine, Texas have a proudly American aesthetic.
But like thousands of other products in Walmart’s stores they are imported from China, meaning that when Walmart reorders them they will carry a 125 per cent tariff.
Tariffs represent a massive challenge for the…
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