Trump recession is off the table — but trouble is not over for the U.S. economy

President Donald Trump’s move to defuse an ugly trade war with China not only sparked a massive stock-market rally but also drove down the chances of a recession — for now.

The U.S. and China agreed last week to suspend huge tariffs, after a tit-for-tat escalation in April that raised the specter of a global economic slump. The trade truce of sorts induced a collective sigh of relief on Wall Street and served as a catalyst for a stock-market revival

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