The Headlines – US, global markets plunge as Trump’s tariff hike escalate trade war fears

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The Headlines – US, global markets plunge as Trump’s tariff hike escalate trade war fears

Wall Street and global markets plummeted after President Trump’s announcement of new global tariffs, intensifying trade war fears. The S&P 500, Dow, and Nasdaq futures saw significant drops, while oil prices and the US dollar also fell. Economists warn that these tariffs could slow growth, increase inflation, and heighten economic uncertainty worldwide.

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