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Trade Threats

Even short of extremes, Trump protectionism damaging: economists

WASHINGTON: While his advisors have played down some of President-elect Donald Trump's most extreme trade threats as negotiating tactics, economists remain worried about the potential to inflict real damage. The Republican billionaire has said that on his first day he will label China a currency manipulator, has threatened to pull out of free trade agreements like NAFTA and slap punitive tariffs of up to 45 per cent on China and Mexico. And there is no question the US president has the power to take those actions…