Trump Tariffs Trigger US Debt Sell-off
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Investor concerns over Donald Trump's tariffs are causing a sell-off in US government debt. Interest rates on US bonds surged to their highest level since February, reaching 4.5%, increasing borrowing costs for the US. This follows a 104% tariff imposed on Chinese goods and retaliatory tariffs from China. Analysts warn of potential Federal Reserve intervention to stabilize the bond market, expressing concern about the situation's unpredictability and the possibility of a US recession.
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