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AP with Indrabati Lahiri

Global sell-off worsens and Dow Jones tumbles as China hits back at US

United States China Donald Trump Brian Jacobsen Economy

Stock markets worldwide sunk even lower on Friday after China announced that it would impose a 34% tariff on imported goods from the US, matching the rate set by US President Donald Trump earlier this week.

Not even a better-than-expected report on the US job market, which is usually the economic highlight of each month, was enough to stop the slide.

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