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Donald Trump refuses to rule out US recession as his trade war sparks 'absolute despair' among investors with stock market plunging

On another day of turmoil, the FTSE 100 tumbled 0.9 per cent or 79.66 points to 8600.22 while the main benchmark in Germany fell 1.75 per cent.



Donald Trump acknowledges a "period of transition" but doesn't rule out a US recession as his trade war causes investor "absolute despair" and a stock market plunge. Global markets decline amid fears Trump's tariffs will weaken the global economy.

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