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President Trump's latest tariff announcements prompted a sharp sell-off in stock markets, with major indices registering their biggest drops in years.
What’s the Scoop?
- Market Fallout: The S&P 500 dropped 3.4%, the Nasdaq lost 5%, and the Dow slid 1,200 points after President Trump's sweeping tariff announcements.
- Tariff Breakdown: The White House unveiled a 10% base tariff on all countries, with higher rates targeting those with significant trade imbalances.
- Economic Concerns: Major multinational companies like Apple and Nike saw shares tumble, amplifying fears of a global economic slowdown.
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