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The White House had a TikTok deal. Trump's China tariff wrecked it. The Washington PostTrump to extend TikTok ban enforcement deadline after China tariffs derail deal CNNWho could buy TikTok? Amazon, Blackstone, OnlyFans founder among the bidders USA TodayA deal for TikTok seemingly falls hostage to the US-China trade war ABC News
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Trump's Trade War Escalates as China Retaliates With 34% Tariffs The New York TimesMarkets plunge with S&P 500 down 6% and Dow down 2,200 after China retaliates against Trump tariffs AP NewsChina imposes a 34% tariff on imports of all U.S. products starting April 10 ABC7 New YorkTrade war escalates as China hits back with 34% tariffs on all U.S. goods NPR
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US added 228,000 jobs in March as economy showed strength in buildup to Trump trade wars AP NewsU.S. Employers Added 228,000 Jobs in March, but Outlook Is Clouded The New York TimesThe US economy added 228,000 jobs last month, but the unemployment rate ticked up CNNHiring Defied Expectations in March, With 228,000 New Jobs WSJ
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Jerome Powell warns on Trump's tariffs: High inflation could be here to stay CNNPowell sees tariffs raising inflation and says Fed will wait before further rate moves CNBCFed's Powell Signals Help Coming, But Not Yet; S&P 500 Dives Investor's Business DailyNasdaq falls into bear market territory as stocks extend selloff after Powell signals no imminent rate cuts Fortune
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Jerome H. Powell, chair of the Federal Reserve, says the central bank's "obligation" is to ensure that a "one-time increase in the price level does not become an ongoing inflation problem."
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The administration revealed how they calculated the tariffs. Buried in that math is a straightforward answer to a question Trump has long refused to answer: How much will his tariffs raise prices?
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