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Excellent and in-depth analysis of America’s new approach to tariffs and international trade, effectively breaking the WTO fair trade regulations. To add my 3 cents, America's important export includes services of Google, Facebook, Amazon and (now diminishing) licenses from Microsoft, Apple, Oracle etc. If partners like Europe decide to ban some of these, results would be catastrophic because those companies also power growth S&P500 index, on which many ETFs are based.

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