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President Trump’s sweeping Liberation Day tariffs were broadly expected to go into effect tomorrow, July 9. But things have changed. 

After seeing various updates and changes to Trump’s trade policies — both on rates and timing — we can’t say we were shocked by yesterday’s news. Traders appeared relieved by the prospect of deals, with US stocks recovering early in today’s session after dipping Monday. 

The moves come after Trump signed an executive order Monday delaying the start of all “reciprocal tariffs” (announced in April) to Aug. 1. More than a dozen countries…

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