Trump tariffs set stage for wave of profit warnings

Reuters

Summary

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Equity markets suffered a bloodbath on Thursday after Donald Trump delivered a blow with sweeping tariffs that many fear will spark recessions and ramp up inflation.
Hürriyet Daily News
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If the reaction of the stock market is any guide, the “liberation day” tariffs unveiled on Wednesday exceeded their worst fears.
Aljazeera
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President Donald Trump’s reciprocal tariffs announced late Wednesday appear to have taken the wind out of the sails of the market, which was already teetering on the brink of the correction territory.
Asianet Newsable
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Names like Lululemon, Dollar Tree, Deckers Outdoor and Nike were all down around 9%-10% in early pre-market trading.
Axios

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