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flag World governments prepare for economic downturn amid escalating U.S.-China trade war.

flag World governments are taking urgent steps to prepare their economies for potential downturns amid the escalating trade war between the United States and China. flag China raised tariffs on U.S. goods from 84% to 125% in retaliation to U.S. tariffs increased to 145%. flag Central banks globally are cutting interest rates, and governments are urging consumers to buy locally or providing support to industries like autos.

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