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DBS: “[I]f you can’t win a trade war, you’re less likely to start one”

Donald Trump may have struck a more presidential and conciliatory tone in his most recent speech to Congress, but any softening in his protectionist rhetoric remains to be seen. Accordingly, DBS believes that the US would be better suited to avoid a trade war because it would be “the main loser in any scuffle”. “No one wants to see a trade war between…

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