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flag US and China's escalating trade war sends global markets plunging, fueling recession fears.

flag US and global stock markets are experiencing severe volatility and significant declines due to escalating trade tensions. flag The US administration's implementation of tariffs, met with retaliatory measures from China, has triggered sharp drops in major indices, with US futures down over 3% and Asian and European markets also suffering heavy losses. flag The situation raises concerns about a potential global recession, as the two largest economies, US and China, engage in a trade war, with fears of further market declines and economic impacts.

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