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Black Monday 2.0? Trump’s Tariffs, China’s Retaliatory Tariffs 34%, US and China Markets Decline

  • Trump’s tariffs, China’s retaliatory tariffs 34%, US and China markets decline, as well as global markets – all that looks even more dramatic than the end of last week and seems to be just the beginning.
  • Hang Seng Index and CSI300 experienced the biggest daily drop since 2008, the same with US and global markets such as Daw Jones S&P 500, S&P/ASX 200, Nikkei 225, Kospi, etc.
  • China’s largest technology companies including Alibaba and Tencent fell more than 8%.
  • China has imposed export restrictions on rare earth elements and added US companies to an “untrustworthy list”.

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