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US treasury yield surged, futures drop sharply and global markets tumble as US-China trade war deepens

IndiaTimes Wednesday, 9 April 2025
Global markets tumbled as the US-China trade war escalated, with China imposing 84% tariffs on US goods. US stock futures fell, and bond yields surged, signaling concerns about the bond market. Major pharmaceutical stocks dropped, and recession fears rose. Investors sought safer assets, with gold and the yen gaining, while oil prices plunged.
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Video Credit: Oneindia - Published
News video: China's Immediate Response After Trump's Cabinet Meet: Tariffs on U.S Goods Surge to 125%| Trade War

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