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Overview: The end of the tariff truce between the US and China has discombobulated investors. They had been repeatedly that a deal was close and there had even been talk at the US Treasury about where Trump and Xi should meet to sign the agreement. Now China was given around a month to capitulate to US demands or face a 25% tariff on their remaining exports to the US. The lack of an immediate formal response (retaliation) by China and indications that talks will resume at some point, helped the S&P 500 reverse higher ahead