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Businesses of all sizes are reeling as President Trump expands his trade war. Stock markets fell sharply on Thursday, and Main Street firms are worried about what higher tariffs will mean for sales.
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Japan stocks extend declines as Trump tariffs roil markets, Nikkei falls over 3% CNBCTrump tariffs live: Asian markets drop further as Trump's tariffs spark fears of global downturn BBCJapan bank stocks caught in Trump tariff rout as market slide deepens ReutersGlobal Stock Rout Extends as Investors Cut Risk: Markets Wrap Bloomberg.comAsian markets extend losses amid Trump tariff uncertainty
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Markets in Asia reflected investors' continued worries about the economic disruption of President Trump's trade policies.
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JPMorgan analysts say recession risk increased to 60% since Trump announced tariffs: 'There will be blood' Business InsiderHigher inflation, shaky markets: What to expect from Trump's tariff policies, according to economists CNBCHere's why experts think Trump's tariffs could hurt the U.S. economy CBS News
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Trump tariffs live: Asian markets drop further as Trump's tariffs spark fears of global downturn BBCGlobal Stock Rout Extends as Investors Cut Risk: Markets Wrap Bloomberg.comJapan stocks extend declines as Trump tariffs roil markets, Nikkei falls over 4% CNBCShares bruised, dollar crumbles as Trump tariffs stir recession fears Reuters
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Trump says ‘it's going very well' after tariffs roil markets ABC NewsTrump open to tariff negotiations, contradicting White House aides CNBCGOP lawmakers, foreign leaders and markets wait to see if Trump's tariffs are open for negotiation CNN
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What to know about the Trump tariffs upending global trade and markets AP NewsHere's what could soon cost you a lot more because of Trump's massive tariffs CNNTrump's tariffs rollout beset by confusion, uncertainty and mixed messages NBC NewsReciprocal Tariff Calculations United States Trade Representative (.gov)
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"The markets are going to boom, the stock is going to boom, the country is going to boom," Trump told reporters Thursday afternoon, saying the reaction to his policies is "going very well."
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Trump announced new tariffs on goods from all countries yesterday. Economists are worried about the domestic and worldwide impact this could cause. And, TikTok nears its sell-by date.
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