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Trump admits ‘transition cost’ of tariffs as global markets sink again – business live

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US stocks tumble once more after historic rally following US president’s shock retreat on ‘reciprocal’ tariffs

US stocks fall again after rally following Trump’s shock retreat on tariffs

Japan’s benchmark Nikkei index has fallen 3.6% amid continuing tariff worries.

Spot gold, however, has risen to a record high of $3,205.21, Reuters reports, as investors seek safe havens.

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