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President Trump paused tariffs on most nations for 90 days while increasing taxes on Chinese imports to 125%, aiming to focus the trade conflict on China amid global market turmoil. The S&P 500 surged nearly 7% following the announcement, reflecting market relief over potential negotiations. However, economic forecasters warn that simultaneous shocks to consumer sentiment and corporate confidence could lead the U.S. into recession.
John Canavan
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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21:40 09.04.2025
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