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Whether it was a purposeful Machiavellian-like maneuver or a completely unintended consequence, President Trump finally got the rate cuts he’s been demanding for years after ratcheting up tariffs several weeks ago which effectively scared everyone from Wall Street to corporate firms to central banks across the globe.
Now the US stock market is back to record highs and the dollar has finally started to show signs of weakness as Trump heads into trade discussions with President Xi at the G20 meetings in Japan this week.