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Democrats demand Senate GOP chairman hold hearing on Trump tariff ‘chaos’

  • Global markets experienced turmoil as President Trump stood firm on tariffs.
  • Trump's administration enacted tariffs, aiming to address trade deficits.
  • A 10-percent baseline tariff took effect, with higher duties to follow.
  • Jamie Dimon stated the tariffs will likely cause an increase in inflation.
  • Stock markets plunged; Hong Kong's Hang Seng Index dropped 13.2 percent.
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Stocks sink again as Trump holds firm on tariffs

Stock markets and oil prices collapsed further on a black Monday for markets as US President Donald Trump stood firm over his tariffs despite recession fears.

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Proceso broke the news in Mexico on Monday, April 7, 2025.
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