Stocks tank, gold hit new record high
Government
HONG KONG Equity markets suffered a bloodbath on Thursday after Donald Trump delivered a blow with sweeping tariffs that many fear will spark recessions and ramp up inflation. "President Trump walked into the Rose Garden and detonated the most aggressive trade shock the market's seen in decades. This isn't a jab, it's a full-on haymaker," said SPI Asset Management's Stephen Innes. Wall Street "had talked itself into a softer, more symbolic move. Instead, Trump carpet-bombed the global supply
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