Tag: tariffs
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U.S. Stocks Plunge $5.4 Trillion in Two Days Amid Recession Fears from Trump Tariffs
In a two-day period, US stock prices experienced a precipitous decline of $5.4 trillion, primarily driven by the apprehension of a recession precipitated by President Trump’s imposition of tariffs. China’s retaliatory measures against Washington’s levies have further exacerbated the global market’s pessimism. President Trump’s ambitious plan to disrupt the global trading framework through substantial tariffs…