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The Independent UK
The Independent UK
Rachel Clun

What is market manipulation? ‘Pump and dump’ explained after Trump’s tariff U-turn

Donald Trump United States Dan Coatsworth Jamieson Greer the New York Stock Exchange

Stock markets around the world nosedived on Monday after traders, businesses and economies reacted to Donald Trump’s ‘liberation day’ announcement of higher tariffs on nearly every U.S. trading partner.

By Tuesday, trillions had been wiped from the value of global stock markets in response. Trump initially stuck to his guns, saying: “THIS IS A GREAT TIME TO BUY!!!” less than 10 minutes after the opening bell rang on the New York Stock Exchange on Wednesday.

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