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New York — US stocks closed sharply lower Friday after President Donald Trump threatened to hike tariffs on imports from China, reigniting fears of
Trump to hike China tariffs to 130% and impose software export controls next month, as trade war reignites to nearly ‘Liberation Day’ levels
Updated October 10, 2025 at 7:09 PM President Donald Trump speaks during a Cabinet meeting at the White House on Thursday. (Anna Moneymaker—Getty Images)
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