US markets selloff resumes as tariffs continue to prompt unease

A day after the biggest stock-buying wave in years, assets tied to the economic cycle are sinking again. Photograph: Getty

Less than 24 hours after US president Donald Trump backtracked on his once-in-a-century trade war to prevent a meltdown in financial markets, frantic sell-offs hit US stocks, bonds and the dollar yet again as fears of a worldwide recession engulfed Wall Street.…

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