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Stocks tumbled in Asia and Europe, and the losses were expected to continue when Wall Street opens. Allies and adversaries alike were weighing their responses.
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The Senate passed a resolution Wednesday night that would thwart President Donald Trump's ability to impose tariffs on Canada, delivering him a rare rebuke just hours after the president unveiled sweeping plans to clamp down on international trade.
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Few details of the announcement were known prior, creating anxiety among the business community and global leaders.
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