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Stocks are dropping as traders worry about the US-China trade war, Iran tensions, and weak earnings

July 18, 2019

Global stocks dropped on Thursday as signs of renewed escalation in the US-China trade war, mixed corporate earnings, and rising US-Iran tensions weighed on market sentiment.

“We have a long way to go as far as tariffs where China is concerned,” President Donald Trump said on Wednesday, adding his administration was willing to extend tariffs to another $325 billion worth of Chinese goods.

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