Tech stocks tumble and market retreats as US-China trade war worsens

Stocks plummeted on Thursday as US-China tensions escalated, with major indexes like the S&P 500 and Nasdaq dropping 5% to 7%. Tech giants Tesla, Amazon, and Apple saw significant declines, with Tesla falling over 10%. Analysts are warning of ongoing market volatility and uncertainty in US trade policy, as President Trump announced increased tariffs on Chinese goods, fueling fears of a prolonged trade war.

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