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Global Economy Braces for a Fresh Trade Blow

  • Monetary-policy ammunition is weaker than in years past
  • Economists say levies may chill confidence and markets
Donald Trump

Donald Trump

Photographer: Al Drago/Bloomberg

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The global economy, already forecast to post the weakest growth since the financial crisis, is bracing for a fresh blow with Donald Trump’s latest threat to ratchet up his tariff war with China.