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[Trade Tensions And Rising Bond Yields Trigger Market Downturn] Global Markets Reacted To Renewed Trade Tensions As Trump Threatened 50% Tariffs On European Goods And 25% On Apple Iphones Sold In The U.S., Leading To A Slump In U.S. And European Stocks. Simultaneously, Long-term Sovereign Bond Yields Rose In G7 Countries, Impacting Wall Street, While Barclays Economists Estimated That A 50% Tariff On EU Goods Could Significantly Increase The Overall U.S. Import Tariff Rate And Reduce U.S. GDP Growth.
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