Stocks drop, gold hits record as tariffs stoke recession worries
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NEW YORK: Global equity markets fell and safe-haven gold hit a fresh record high on Monday (Mar 31) after US President Donald Trump said tariffs would essentially cover all countries, stoking worries a global trade war could lead to a recession. Trump's comments to reporters on Air Force One seemed to dash hopes the levies would be limited to a smaller group of countries with the biggest trade imbalances. Trump is due to receive tariff recommendations on Tuesday and announce initial levels on
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