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“In these days’s interconnected financial system, this sort of overcapacity can also bring about the concentration of source chains in ways that eventually cut down financial resilience,” Mr. Shambaugh explained in remarks with the Council on International Relations.

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The usa will independently continue on discussions with Mexico about a lot more common surges in imports of steel through the place, officials said. American metal companies and autoworkers complained that a rise in steel imports from Mexico has put their factories in danger.

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