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Jinming

@danh0605

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Stocks, dollar stumble after Trump reignites his trade war Markets thought they had a serious debt problem. Now they have a trade war problem to worry about again. Stocks and the dollar fell Friday after President Donald Trump brought the trade war back to the forefront with threats of massive tariffs against one of America’s most valuable companies and one of its most important trading partners. Trump posted on Truth social Friday morning that he would impose a 25% tariff on Apple if it refused to make iPhones in the United States. Minutes later, Trump said he would recommend a 50% tariff on goods imported from the European Union. The Dow closed lower by 256 points, or 0.61%. The broader S&P 500 fell 0.67%, and the tech-heavy Nasdaq Composite slid 1%. All three indexes finished the week in the red. The Dow and Nasdaq each posted their worst week in five weeks. The S&P 500 notched its worst week since the first week of April. New York CNN
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