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    <title>Markets slump in early trade on global trade war fears</title>
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    <description>Immediate market reaction to recently announced US tariff measures caused sharp equity declines and heightened uncertainty across global and Indian markets. Heavy selling in commodity-linked and externally oriented sectors, combined with foreign institutional outflows, drove major indices down in early trade. Analysts attribute the volatility to the risk of a broadening trade war as reciprocal and retaliatory tariffs become likely, with attendant risks of contraction in global trade and slower economic growth.</description>
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