Global stocks slumped and the dollar sank further on Friday amid escalating worldwide tariffs, causing a manic bond selloff and sparking a rush into safe havens like the Swiss franc and gold. The selloff in U.S. Treasuries accelerated, with the 10-year note yield rising significantly, leading to concerns about confidence in the U.S. economy. The ongoing Sino-U.S. trade war, with Trump increasing tariffs on Chinese imports and China retaliating, has heightened uncertainty, while the dollar’s decline has benefited currencies in emerging markets and led to a surge in gold prices.
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Freed Columbia activist says Trump administration has failed
Columbia University activist Mahmoud Khalil, released after over three months in immigration detention, declared that attempts by the Trump administration to suppress pro-Palestinian voices have failed. He vowed to continue advocating for Palestinian rights and criticized the administration's efforts to deport him, asserting they are losing their legal battle against activists like him. Need More Context? 🔎
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