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Evening Standard
Evening Standard
Rachael Davies

What is a 'Panican'? Donald Trump coins new term amid trade war turmoil

The recent swathe of tariffs announced by President Donald Trump on April 2, dubbed Liberation Day, has meant that trillions of dollars have been wiped from the global markets.

The S&P 500, which tracks the share price of the largest companies in the US, briefly entered a bear market, marking a 20 per cent drop from the recent highs it saw just two months prior.

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