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of <h1>Trade War Triggers Sharp Market Decline: S&P 500 Drops 6% as US-China Tensions Escalate Economic Uncertainty</h1> Global financial markets experienced a severe downturn after escalating trade tensions between major economies. The S&P 500 plunged 6%, with other major indexes suffering similar losses. China retaliated against tariffs by imposing its own 34% tariff on US imports. Market fears centered on potential global recession risks, despite a strong US jobs report. Central banks and policymakers are closely monitoring the situation, with concerns about potential inflationary impacts and economic stability.
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