Stocks slump as China retaliates to Trump tariffs
Stocks slump as China retaliates to Trump tariffs
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Global stocks have fallen sharply due to China's retaliatory tariffs against US import taxes, with major US and European indexes experiencing significant declines. Concerns over a prolonged trade war and rising prices are affecting investor sentiment, leading to a shift towards safe haven assets like gold. Experts warn that the aggressive tariff responses make a near-term resolution of the trade conflict unlikely.
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