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Trump’s “reciprocal” tariffs, including 104% duties on Chinese goods, took effect at 0401 GMT. The global market sell-off resumed after a brief respite, with fears of recession and S&P 500 nearing a bear market. S&P 500 companies lost $5.8 trillion in stock market value since Trump unveiled tariffs. Asian markets, including Japan’s Nikkei and South Korea’s won currency, experienced declines.
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