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Global investors are uneasy due to Trump's tariffs, which have sparked fears of a U.S. recession and disrupted markets. The tariffs have hit major trading partners, with significant impact expected from potential retaliations by the EU and China. A crucial U.S. earnings season is approaching, and investors are watching for signs of inflation moderation and economic recovery.
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What impact will the introduction of hefty tariffs on countries in Asia have on Nike's iconic US shoe?
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The Dow Jones Industrial Average, S&P 500 and the Nasdaq Composite posted their largest two-day declines since the emerging coronavirus caused global panic during U.S. President Donald Trump's first term. For Thursday and Friday, the Dow was down 9.3%, the S&P 500 10.5% and the Nasdaq 11.4%.
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