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Euronews
Euronews
Angela Barnes

Asian markets and US futures tumble following global US tariff hikes

Donald Trump United States Elon Musk IG Tesla Inc. The United States

Tokyo’s Nikkei 225 index initially dipped more than 4%, but recovered slightly. It was down 2.9% at 34,675.97.

The market dip comes as Trump said he was imposing a 24% “reciprocal tariff” on Japan, one of the United States' closest allies.

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