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Axios Mar 23
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Red all over: Stocks plunge on trade war fears

Photo: Drew Angerer/Getty Images

Stocks in Europe fell for the 3rd day and Asian markets are down more than 3% after China announced retaliation to President Trump's tariffs, Bloomberg reported. The S&P 500 yesterday fell the most in six weeks.

Bottom line: Markets don't like the uncertainty of a multi-front trade war (or the hawkish tone of the new national security advisor).