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Global Markets Tumble Amid Tariff-Induced Recession Concerns
Global stock markets experienced a sharp decline as fears of a global trade war intensified. U.S. President Donald Trump's recent announcement of sweeping tariffs has sent ripples through financial markets, with investors bracing for potential economic fallout. The tariffs, which are expected to target a wide range of goods and countries, have heightened concerns about a global recession.
Asian markets led the downturn, with Japan's Nikkei index plunging over 4%, while European and U.S. futures also pointed to significant losses. Investors have sought refuge in safe-haven assets, driving gold prices to record highs and pushing bond yields lower. Economists warn that the uncertainty surrounding these tariffs could dampen consumer and business sentiment, further exacerbating economic risks.
The coming days will be critical as markets await further details on the scope and implementation of these tariffs. Analysts caution that prolonged trade tensions could have far-reaching implications for global economic stability.
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