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Beijing retaliated with higher tariffs on U.S. goods, a tit-for-tat move that intensified investors' anxiety and rattled already shaky markets.
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NPR's Steve Inskeep talks to Marketplace host Kai Ryssdal about the economic fallout from President Trump's tariff policies, the global reaction, and what it all means for consumers.
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Stocks, dollar sink, bonds pummelled again as trade war roils markets ReutersTrump tariffs: Gold hits record high as tariffs trigger US-China trade war fears BBCStocks Extend Drop, Dollar Falls on Tariff Woes: Markets Wrap Bloomberg.comAsian markets fall after White House says it will up tariffs on China The Washington PostTrump tariffs: Asian markets slump amid US-China tension DW
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Dow Jones Futures Fall As Rising Yields Are Trump Tariff Warning; Inflation Reports Due Investor's Business DailyUS stocks, dollar tumble as Trump's trade war rattles Wall Street CNNMorning Bid: Back to white-knuckle ride in the markets Yahoo FinanceUS stocks close sharply lower, wiping away some of historic rally a day earlier 6abc Philadelphia
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Investors rush away from junk bonds and leveraged loans on rising recession fears
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Stocks in Europe and Asia followed Wall Street's gains after Trump announced a pause on higher global tariffs, but investors are still waiting on Beijing's next move.
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