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China announced Friday that it will raise tariffs on U.S. goods from 84% to 125% — the latest salvo in an escalating trade war between the world's two largest economies that has rattled markets and raised fears of a global slowdown.
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Global shares wobbled Friday after the latest escalation in the China-U.S. trade war, with Japan and some European markets slipping while others stood firm.
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The newest wave of President Trump's trade policies increased global uncertainty, causing stocks to fluctuate significantly.
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