Drag from Trump's trade wars continues to ripple through U.S. economy
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WASHINGTON (Reuters) - As U.S. President Donald Trump and Chinese Vice Premier Liu He prepare to sign a "Phase 1" trade deal, new data show that the costs of Trump's trade wars are proving more widespread, deeper and longer-lasting than previously believed.Research from the U.S. Federal Reserve and other top economists shows that U.S. tariffs on Chinese industrial components and materials, which largely won't be lifted by the deal, are proving especially damaging to American manufacturing..