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U.S. President Trump’s 10% "reciprocal tariff" policy has fully taken effect, with tariffs on Chinese goods reaching 34% and some nations, like Madagascar, facing rates as high as 47%. Global stock markets remain volatile, with the Nasdaq Composite firmly in bear market territory. Shares of brands like Nike and Apple have fallen by more than 10%. The EU and Canada have signaled retaliatory measures, while Japan and the UK are pursuing diplomatic negotiations to mitigate the impact.
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