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Calm was largely restored to financial markets on Monday, following a weekend update in which President Donald Trump assured people that there was no reason to worry about China. Nonetheless, the China-U.S. trade detente that had helped global stocks power higher all summer looks to be on shaky ground once again.
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U.S. President Donald Trump's new tariffs on kitchen cabinets, bathroom vanities, upholstered furniture and lumber are slated to take effect Tuesday, expanding the number of sectors facing his import taxes.
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