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flag Trump raises steel tariffs to 50%, citing China's trade violations, amid stock market gains.

flag US President Trump raised steel import tariffs to 50%, citing China's violation of trade agreements. flag This move could strain relations and affect the economy, with the May nonfarm payrolls report set to provide insights. flag Despite the tensions, US stocks had their best month since November 2020, with the S&P 500 up 6.2% and the Nasdaq up 9.6%. flag Talks between Trump and Chinese President Xi Jinping may ease trade tensions.

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