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Business

Global Markets Plunge as U.S. Imposes Sweeping Tariffs

In a dramatic escalation of trade tensions, the United States has announced sweeping tariffs on imports from Canada, Mexico, and China, sending shockwaves through global financial markets. The move, which includes a 25% tariff on all goods from Canada and Mexico and a 10% levy on Chinese imports, is part of a broader strategy to address trade imbalances and protect American industries. However, the decision has sparked fears of a renewed trade war that could disrupt supply chains and slow economic growth worldwide.