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Tariffs up. Markets down

  • Global markets dropped following Donald Trump's announcement of comprehensive tariffs on April 2.
  • The market sell-off stemmed from fears that Trump's tariff policy could trigger a global recession.
  • The ASX 200 lost about $50 billion, and the S&P 500 fell into a correction, down over 10 percent.
  • Kyle Rodda stated global markets "cratered overnight," while Trump claimed the market reaction was going "very well."
  • Market uncertainty will likely continue, with JPMorgan raising the chance of a global recession to 60 percent.
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  • 45% of the sources are Center
45% Center
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cryptotale.org broke the news in on Thursday, April 3, 2025.
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