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of <h1>Massive Stock Market Selloff as US-China Trade Tensions Escalate with Steep New Import Tariffs Triggering Investor Panic</h1> US stock markets experienced significant losses, with the S&P 500 dropping 5%, the Dow Jones falling 1,746 points, and the Nasdaq declining 5.8%. Despite a positive inflation report, market sentiment was negatively impacted by increased tariffs on Chinese imports, which were raised to 145%, intensifying trade tensions and economic uncertainty.
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