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Global stocks, dollar, oil collapse on Trump tariff blow

Global stocks, dollar, oil collapse on Trump tariff blow

FILE PHOTO: U.S. President-elect Donald Trump attends Turning Point USA's AmericaFest in Phoenix, Arizona, U.S., December 22, 2024. REUTERS/Cheney Orr/File Photo

World stocks, the dollar and oil all tumbled on Thursday as Donald Trump’s drastic new U.S. trade tariffs drove widespread fears of a global recession and left investors seeking safe-haven bonds and the yen.

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