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Donald Trump's trade war created turmoil in global markets. Stocks and oil prices declined due to fears of China's response. Trump paused tariffs for 90 days, raising hopes. Treasury Secretary Scott Bessent mentioned trade negotiation interests from many countries. Uncertainty led to volatile trading. The US and Vietnam agreed to trade talks.
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All three major U.S. stock indexes suffered steep losses, forfeiting much of the previous session's gains as growing concerns over the escalating Washington-Beijing trade face-off dampened optimism over upbeat economic data and U.S.-Europe trade negotiations.
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News and Media
Indexes in Japan, Australia and South Korea retreated after the S&P 500 dropped 3.5% Thursday, as market euphoria turned to angst after the White House clarified US tariffs on China rose to 145%.
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News and Media
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