Global markets fall as new wave of Trump tariffs hit 90 countries

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Global markets fall as new wave of Trump tariffs hit 90 countries

Stock markets have fallen around the world after Donald Trump announced his new wave of tariffs – while top Democrats pointed to weak job figures as a sign that Mr Trump’s trade war was "bleeding the economy".

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The new levies affect some of the world’s poorest countries, as well as raising fears of inflation and price rises in the United States.

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Date: August 1, 2025