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US markets record second day tumble as China retaliates to Trump tariffs
US stocks went for a tumble on the second day after opening bell following China’s 34% counter-tariffs on US imports. This has fuelled concerns of a global trade war, and likely recession. Trump has reacted to China’s tariffs, saying China has panicked and played it wrong. S&P 500 slumped 3% while Dow Jones dropped 1,200 points as markets opened.
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