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An electronic board displays information on recent fluctuations of market indices at the B3 Stock Exchange in Sao Paulo

Video Duration 01 minutes 47 seconds play-arrow01:47

Markets plummet for second consecutive day: US stocks take a beating as Trump stands by tariffs

  • The United States has begun collecting 10 percent tariffs on imports from many countries as markets plunge after President Donald Trump’s barrage of charges.
  • Among the countries first hit with “baseline” tariff are Australia, Britain, Colombia, Argentina, Egypt and Saudi Arabia, with higher levies expected to start next week.