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The Independent UK
The Independent UK
Rachel Dobkin

Markets tumble as Trump escalates trade war with 100% tariff on China ‘over and above’ current rates

President Donald Trump has sent the market tumbling while escalating his trade war with China and threatening a 100 percent tariff “over and above” current rates for Beijing.

The S&P 500 dropped 2.71 percent, while the Dow Jones Industrial Average dipped about 878 points and the NASDAQ Composite slid 3.58 percent by the Wall Street closing bell at 4 p.m. ET Friday.

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