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Financial markets landed with a thud Friday as stocks tumbled for a second straight day on concerns about the economic fallout from new U.S. tariffs and the prospects of a global trade war.
From CBS News
President Trump stands alone when it comes to overseeing the fastest 10% downturns from a 52-week high in the S&P 500 since 1950.
From AOL
“US tariffs will have an impact (on China), but ‘the sky won’t fall,’” a commentary in the ruling Chinese Communist Party’s mouthpiece People’s Daily said Sunday.
From CNN
Read more on News Digest
US stocks were battered by a steep sell-off Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war.
4don MSN
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Stock markets continued to fall Friday as traders reacted to President Donald Trump's announced tariffs and the global response.
Several Trump supporters rallied behind the president, posting photos of the Dow Jones' five-year chart. American polling company Rasmussen Reports suggested that the Dow is much higher than it ...