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Trade war reignites as U.S. tariffs and China curbs hit markets

Markets fell as the U.
Renewed U.S.–China trade hostilities rattled global markets after Trump announced new 100% tariffs and Beijing tightened rare-earth export rules. Equity indexes dropped across Asia and the U.S., while investors sought safety in bonds and gold. Economists warn the escalation could pressure global supply chains and stall recovery momentum. The IMF urged both sides to pursue dialogue to stabilize growth. (AP)