Markets reversed gains after the U.S. imposed 145% tariffs on Chinese imports, heightening investor anxiety. While inflation came in lower at 2.4%, it reflects pre-tariff conditions, raising questions about the Fed’s next move. With safe havens faltering and U.S.-China tensions escalating, investors are reassessing portfolios amid hopes of de-escalation and strong earnings ahead. What do these renewed tariffs signal for the global economic and market outlook?

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