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Trump reverses new tariffs threat on Canada after Ontario rescinds electricity charges

By David Goldman and Elisabeth Buchwald, CNN (CNN) — President Donald Trump backed down from an extraordinary trade war escalation Tuesday that had threatened a massive surge in tariffs on Canadian steel and aluminum and new tariffs on Canadian electricity. In turn, Ontario paused surcharges on electricity to US customers. After the back-and-forth tariff threats

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Small business uncertainty about the economy spikes to the second-highest level since 1973

By Bryan Mena, CNN Washington (CNN) — The Trump administration’s dizzying back-and-forth on tariffs is paralyzing America’s small businesses as they grow worried about the US economy’s future. The National Federation of Independent Business’ Uncertainty Index climbed in February to its second-highest reading on record, going back to 1973, according to the group’s latest survey

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The Washington Post is reinventing its newsroom as it struggles to retain subscribers

By Liam Reilly, CNN (CNN) — The Washington Post announced a major “reinvention” of its newsroom Monday, as the ailing Jeff Bezos-owned publication looks to grow its dwindling subscription numbers. Less than one week after its billionaire owner introduced a “significant shift” to the paper’s opinion section, Matt Murray, the Post’s executive editor, announced a

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China’s deflation problems get worse

By John Liu, CNN Hong Kong (CNN) — Consumer prices in China have plunged to their lowest level in more than a year, highlighting persistent deflationary pressures in the world’s second-largest economy. The Consumer Price Index (CPI), a benchmark for measuring inflation, fell by 0.7% in February from the previous year, China’s National Bureau of

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