On Memorial Day weekend, while most Americans were grilling burgers or remembering the fallen, Donald Trump was resetting the thermostat on global trade tensions. Again. In a now-familiar pattern - provoke, threaten, retreat - the former president walked back his threat to slam the European Union with a 50% tariff on imports, opting instead for a July 9 deadline. Markets, weary but obedient, rallied in relief.
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