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Trade Tensions Rattle Wall Street’s Momentum

After an impressive streak of gains that pushed major U.S. indices to record highs, the stock market faced a sharp reversal as renewed trade tensions triggered investor anxiety. The Dow Jones Industrial Average, S&P 500, and Nasdaq all pulled back in Friday’s session, with financials and industrials leading the retreat. Concerns were reignited after new tariffs targeting tech and manufacturing imports between the U.S. and China surfaced, prompting fears of escalating economic friction. These measures, aimed at protecting domestic industries, were met with criticism from global partners and stoked uncertainty about the broader trade landscape. Analysts note that while earnings remain strong and economic indicators are still resilient, the shadow of protectionism looms large. Investor sentiment, which had been buoyed by dovish monetary policy and solid corporate results, now finds itself caught in geopolitical crosswinds. Many traders are now recalibrating their expectations heading ...
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Trump's NATO Stance Sparks Debate on Alliance's Future

Former U.S. President Donald Trump has reignited controversy with his recent remarks about NATO, suggesting that the United States might not defend member nations that fail to meet their defense spending commitments. Trump emphasized that NATO allies must contribute more to their own defense, stating, "If they don't pay, I'm not going to defend them". This stance challenges the alliance's foundational principle of collective defense, known as Article 5, which has only been invoked once in NATO's history—following the September 11, 2001, attacks.

Trump's comments have raised concerns among European leaders, who have pledged to increase defense spending and reaffirm their commitment to the alliance. NATO Secretary General Mark Rutte reassured allies, emphasizing the enduring strength of the transatlantic partnership. However, Trump's remarks have sparked debates about the future of NATO and the role of the United States within the alliance.

The issue of defense spending has long been a contentious topic, with Trump advocating for increased contributions from NATO members during his presidency. While some view his stance as a push for fairness, others worry it could undermine the unity and effectiveness of the alliance at a time of heightened global tensions.

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