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Global Stocks in Turmoil, Bond Yields Soar as Trump Tariffs Go Into Effect

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Global stocks are in turmoil and bond yields are spiking after President Donald Trump 's " Liberation Day " tariffs went into effect at 12:01 a.m. ET Wednesday .

China reiterated it would “fight to the end” but said it was “willing to communicate with the U.S. side on key bilateral economic and trade issues".