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Stock markets sink, dollar rallies as Trump imposes tariffs

Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell on January 30, 2025, in New York City. [AFP]

Stock markets slumped, the dollar rallied and oil prices rose Monday as US President Donald Trump eyed more tariffs after launching trade wars with Canada, China and Mexico, heaping pressure on the global economy.

Asian equity indices mostly slid by the close, while in Europe the push lower was driven by Frankfurt with a fall of two percent around midday.

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