Politics - CBSNews.com
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President Trump's tariffs on imports from dozens of countries came into force Wednesday, including 104% on goods from China, dramatically ramping up a potential global trade war. The tariffs took hold at 12:01 a.m. EDT.
Asian financial markets resumed their slide, with Tokyo's Nikkei 225 falling 5%.
U.S. stock futures pointed to a fifth straight day of losses on Wall Street, with S&P 500 futures down 2.17%, Dow Jones Industrial Average futures off 1.89% and Nasdaq Composite futures 2.12% lower as of 1:20 a.m., according to Yahoo Finance.
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