Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), March 26, 2018 in New York City. Drew Angerer/Getty Images/AFP
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To Wall Street money managers who make bets for a living, U.S. President Donald Trump's aggressive stance against China on trade looks like a high-stakes poker hand – but they believe they can play it for all it's worth. Fears that Trump could set off a trade conflict have roiled Wall Street since March 1, when the president announced plans to impose tariffs on imported steel and aluminum, risking retaliation from major trade partners like China, Europe and neighboring Canada.The Trump administration has demanded that China immediately cut its $375 billion trade surplus with the United States by $100 billion, a position seen by some as an opening tactic in a long negotiation.China could respond to U.S. measures with a range of tariffs aimed at U.S. multinationals, or even farmers in rural regions who helped Trump win the 2016 presidential election.
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