Trump's Tariffs Trigger Global Market Turmoil
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10% US tariffs on imports took effect, prompting President Trump to urge Americans to 'hang tough'. Global markets reacted negatively; US stock indexes plunged, and the FTSE 100 saw its steepest fall in five years. China announced retaliatory tariffs and filed a WTO complaint. While Elon Musk suggested a zero-tariff situation between the US and Europe, leaders like UK Prime Minister Starmer expressed concerns about a trade war's impact. Further tariffs are expected on April 9th, potentially escalating the conflict.
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