Trump officials once touted twin benefits of reshoring supply chains and raising $600 bln from trade levies. Now-reduced charges on Chinese goods, if they stick, may make a smaller revenue bump more sustainable. Some $5 trln in proposed tax cuts, though, would overwhelm it.

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US tariff climbdown complicates bleak budget math

Trump officials once touted twin benefits of reshoring supply chains and raising $600 bln from trade levies. Now-reduced charges on Chinese goods, if they stick, may make a smaller revenue bump more sustainable. Some $5 trln in proposed tax cuts, though, would overwhelm it.


HP spawn inherits pugnacious M&A gene

The tech pioneer’s cloud offshoot, HPE, is now battling pushy Elliott as it fights trustbusters to buy Juniper for $14 bln. Having endured ugly Compaq and Autonomy clashes, boss Antonio Neri has some useful DNA. It may come in handy again: his company screens well for a breakup.


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