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Global economy grows despite fears of US-China trade war

Trump tax cuts and Asian investment lift output, but inflation and tariffs loom

A steel plant in Chiba Prefecture, near Tokyo: Trade friction between China and the U.S. has yet to put a big dent in economic growth, but a drawn out conflict could hurt investment and business sentiment.   © Reuters

TOKYO -- Despite the many uncertainties, the global economy is expanding, lifted by big tax cuts in the U.S. and Asian investment in labor-saving equipment.

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