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Today's Forbes Daily newsletter covers Wall Street souring on Trump, the biggest billionaire tariff losers, DOGE cuts worsen March layoffs and more.
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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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The president's aides insist the fallout will be short and ultimately result in a better economy, as economists warn of higher inflation and slower growth.
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JPMorgan, Citi and Global Bank Stocks Get Hammered by Recession Fears WSJEurope's banks battered as Trump tariffs put U.S. recession on the horizon CNBCEurope's Banks Lose Best-Performing Sector Crown on Growth Woes Bloomberg.comGlobal rout in bank shares intensifies as recession fears mount Yahoo Finance
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A rapidly escalating trade war has socked stocks as investors weigh the fallout from President Trump's tariff barrage.
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Trump contradicts aides, talking points on purpose of global tariffs The Washington PostMajor US stocks see biggest losses since 2020 after Trump's tariffs announcement BBCTrump Says US Has 'Great Power to Negotiate' With China on TikTok Sale Business InsiderS&P 500 Has Worst Day Since June 2020 as Trade War Sets Off Slump The New York TimesT
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