Trump's tariffs kick in, triggering more market carnage

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BEIJING/WASHINGTON: resident Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war even as he prepared for negotiations with some nations.

The S&P 500 has shed nearly $6 trillion since Trump unveiled the tariffs a week ago, the deepest four-day loss since the benchmark's creation in the 1950s.

The prospect of deals with other countries had pushed stock markets up earlier on Tuesday, but U.S.stocks had ceded their gains by the end of the trading day.

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Category: EconomyBusiness

Markets: MalaysiaChinaIndiaJapanSouth KoreaNew ZealandUnited StatesVietnam

Topics: Trump Trade war /Business/Business News Recession Economy Tariffs Tariff Wars

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 15:01:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 751 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 27750031

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 39 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 44 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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