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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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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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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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