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Stock markets drop as Trump unleashes new round of global tariffs

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Stocks slumped after President Trump unveiled a new round of global tariffs and after the U.S. created fewer jobs than expected in July.

Investors are reacting to Trump's latest plans to impose a wide range of tariffs. A weaker-than-expected jobs report magnified concerns about how these import taxes would impact the economy.

(Image credit: Spencer Platt)

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