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While trade uncertainty is having an undesirable effect  on firms’ supply chains, it is not yet having a material impact on the US’ gross domestic product (GDP),  Dallas Federal Reserve Bank President Robert Kaplan said while talking to Bloomberg.  

Key quotes

  • “US-China trade agreement is very complicated.”
  • “Concerned that global growth is decelerating.”
  • “Pressuring China to open up its economy is challenging.”