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The Guardian - UK
The Guardian - UK
World
Clea Skopeliti

First Thing: Markets plunge as IMF says Trump trade war poses ‘significant risk’ to global economy

The floor of the New York Stock Exchange last night.
The floor of the New York Stock Exchange last night. Photograph: Seth Wenig/AP

Good morning.

Donald Trump’s barrage of tariff announcements has wiped trillions of dollars off the value of the world’s largest companies and supercharged recession fears, with London’s stock market opening on Friday morning at its lowest level since January.

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