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'I'm not going to bend at all': Trump doubles down on tariff plans as stocks sink

1. Trump reiterates his commitment to new tariff plans despite market turbulence. 2. S&P 500 has fallen 10% from recent highs, entering correction territory. 3. Canada and Europe are preparing retaliatory tariffs against U.S. goods. 4. Economists warn that tariffs may harm U.S. jobs and industries. 5. Trump rejects calls for clarity on tariff policies amid investor uncertainty.

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FAQ

Why Very Bearish?

Escalating tariffs may severely disrupt trade and economic stability, similar to 2018 tariff scenarios leading to market corrections.

How important is it?

The ongoing tariff developments and their implications on trade relationships directly threaten economic stability, impacting the S&P 500 significantly.

Why Short Term?

Immediate market reactions to tariff announcements typically cause volatility, as seen in past tariff implementation events.

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