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Last Friday night, after the markets had closed, US President Trump told the world that Mexico had agreed to a deal that would avoid the spread of protectionist measures. The US leader had used tariffs, not to level the playing field on trade, but to achieve cooperation from the Mexican government when it comes to illegal immigration and the flow of drugs.
While the fears surrounding a trade dispute with Mexico are now gone, the escalation of the trade issues between the US and China continue to dominate the psyche of markets. So many issues