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Stock market plummets following Trump's tariff declaration
- Financial markets experienced a significant drop as Dow futures fell over 1,200 points after President Donald Trump announced proposed tariffs, intensifying fears of a global trade war.
- The Consumer Technology Association warned that these tariffs would cause 'massive tax hikes' on American consumers, leading to increased prices and economic hardship.
- Vice President JD Vance assured the public that the tariffs would eventually contribute to long-term economic health despite short-term pain for consumers.
- The market's reaction suggests investors fear the tariffs could disrupt supply chains and escalate into a full-blown trade conflict.
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Coverage Details
Total News Sources609
Leaning Left107Leaning Right85Center185Last UpdatedBias Distribution49% Center
Bias Distribution
- 49% of the sources are Center
49% Center
L 28%
C 49%
R 23%
Factuality
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