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Trump tariff tailspin worsens, Nasdaq confirms in bear market

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https://www.reuters.com/markets/us/wall-street-futures-lose-ground-after-china-retaliates-against-us-tariffs-2025-04-04/

 

Fallout from Trump's sweeping tariffs stoked fears of a global recession, wiping trillions of dollars of value from U.S. companies. Highlighting growing panic among investors, the CBOE Volatility Index (.VIX), opens new tab, or Wall Street's fear gauge, closed at its highest level since April 2020.
Since late on Wednesday, when Trump boosted tariff barriers to their highest level in more than a century, investors have dumped stocks, fearing both the new U.S. economic reality and also how U.S. trading partners might retaliate by steepening their own trade barriers.

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