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- During a press conference with Israeli Prime Minister Benjamin Netanyahu, US President Donald Trump says “many, many countries” are reaching out to the US for trade deals, without providing details.
- Stock markets in the United States opened sharply lower after indices across Asia and Europe plunged as the shock waves from Trump’s tariffs continued to be felt globally. US stocks closed even lower by the end of trading on Tuesday.
- Trump threatens an additional 50 percent tariff on China and a termination of negotiations if Beijing does not withdraw its retaliatory measures.
- European trade officials are meeting in Luxembourg to discuss their response to Trump’s move, with Germany calling the US tariffs policy “nonsense”.
- Speaking to reporters on Air Force One, Trump has defended his administration’s decision to impose the sweeping levies, and said that many world leaders are “dying to make a deal”.