You can trim the start and end points of clips (or MIDI notes) by the current Nudge value.2 With the Time Grabber tool, select the clip you want to trim.
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While pressing Alt (Windows) or Option (Mac), press Plus (+) or Minus (–) on the numeric keypad to trim the clip’s start point by the Nudge value.
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While pressing Control (Windows) or Command (Mac), press Plus (+) or Minus (–) on the numeric keypad to trim the clip’s end point by the Nudge value.