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flag Tokyo stocks drop as Trump's tariff hike sparks fears of a global economic slowdown.

flag Tokyo stocks fell on Monday, with the Nikkei down 1.30% and the Topix 0.87% lower, due to concerns over President Trump's decision to double tariffs on steel and aluminum imports to 50%. flag This move has raised fears of a global economic slowdown, affecting market sentiment and leading to declines in semiconductor and automotive shares. flag The stronger yen also negatively impacted exporter stocks.

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