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While Canada and Mexico and soon other US “allies” have so far been spared the brunt of the Trump import tariffs on aluminum and steel imports as a result of “indefinite” exemptions for the duration of Nafta negotiations, China – the country that is the target of Peter Navarro’s trade scorn – has not been so lucky, and the result has been an outpouring of increasingly hostile jawboning by Beijing, which while taking the Trump gambit in stride so far, is clearly concerned how far Trump could ratchet up protectionist measures.
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