Trump Tariffs Trigger Global Market Slump
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New tariffs set to take effect this Wednesday are causing significant volatility in US and global stock markets. The S&P 500 is down nearly 6% for the year, its worst start since 2020, and briefly entered correction territory. Analysts are lowering their year-end forecasts, and Goldman Sachs increased its recession probability to 35%. Uncertainty surrounding the tariffs' scope and impact is fueling investor anxiety, causing a flight to safe haven assets like gold and government bonds. Global markets, including Japan, Taiwan, and Europe, also experienced significant declines.
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