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Published on 1 Feb 2025 on Benzinga

Wall Street Sinks On Trump's Tariff Announcement, Bitcoin Drops 3%, Dollar Soars...

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Editor’s Note: This article has been updated to correctly attribute the tariff announcement to the Trump administration.

U.S. equity indices reversed earlier gains and fell into negative territory during Friday afternoon trading in New York after the White House confirmed that new tariffs on imports from Canada, Mexico, and China would take effect on Saturday, escalating trade tensions with the country's three largest suppliers.

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