Markets plunge with S&P 500 down 6% and Dow down 2,200 after China retaliates against Trump tariffs
Wall Street’s worst crisis since COVID slammed into a higher gear Friday.
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Wall Street’s worst crisis since COVID slammed into a higher gear Friday.
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The plunge in oil prices over the past two days following the twin shocks of U.S. President Donald Trump’s tariffs and the surprise boost in production from OPEC+ has altered the global energy landscape with stunning speed.
JPMorgan Chase & Co. said it expects the US economy to fall into a recession this year after accounting for the likely impact of tariffs announced this week by the Trump administration.
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