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of <h1>Escalating US-China Trade Tensions Trigger Sharp Market Decline, S&P 500 Drops 5% Amid Global Economic Uncertainty</h1> US stock markets experienced significant volatility as trade tensions between the US and China escalated. The S&P 500 lost 5% after a previous day's surge, with major indices declining. Tariff uncertainties and potential economic impacts drove market fluctuations, with international markets showing mixed reactions. Tensions centered on trade policies, film import restrictions, and potential economic consequences of ongoing trade negotiations.
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