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Trump tariff chaos rattles global stock markets

  • Eight tech billionaires have lost over $266 billion due to President Donald Trump's policies, which have spooked investors.
  • Elon Musk's fortune declined by 30%, overshadowed by fears of inflation and recession sparked by Trump's recent statements.
  • The Nasdaq Composite experienced its steepest one-day loss since 2022, dropping 4% as Trump's economic comments heightened fears of recession.
  • Trump's chaotic approach to tariffs has led to confusion in financial markets and tensions within his Cabinet over government cuts.
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The Daily GazetteThe Daily Gazette
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Stock markets find little cheer as Trump targets champagne

Global stock markets slid on Thursday as US President Donald Trump launched a new volley in his trade war, while gold hit a new record high.

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CNBC broke the news in United States on Thursday, March 6, 2025.
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