Trump Tariffs Trigger Global Market Volatility
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Global markets experienced significant volatility following President Trump's tariff threats against China and other trading partners. US stocks initially plunged, then saw a brief rally before closing slightly lower. The S&P 500 extended its sell-off, while the Nasdaq saw slight gains. European markets also suffered heavy losses. Analysts expressed concern about lasting market damage and increased the probability of a US recession. The US dollar strengthened against other currencies, while the Chinese renminbi weakened.
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