The Manner expantiated yesterday of the three big developments that have taken place over the past several days. Among them, the breakdown of the deal behind the U.S./China 90-day tariff reduction, and the resulting Potential for a return to an effective embargo Trade with China. Mr.Trump and Mr.Xi shook the Waves with "TRADE DEAL" Communication.

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Over a weekend in early May, there was a de-escalation with China in the form of a 90-day tariff reduction. That catalyst has returned stocks to positive territory for the year, And for the best May performance since 1990. But, over the past several days, both the U.S. and China have accused each other of violating the trade deal.

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