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LONDON (Reuters) – World cocoa, coffee and sugar prices slid again on Friday as markets remained rattled by U.S. president Donald Trump’s sweeping ‘Liberation Day’ tariffs, especially after China retaliated with its own tariffs on U.S. imports. Trump on Wednesday slapped a 10% tariff on most U.S. imports and much higher levies of more than 50% on some counties, prompting a world-wide sell of in stock markets as nations from Canada to China ready retaliation. … Read more…

NEW YORK (Reuters) – Retail investors bought $4.7 billion in stocks on Thursday, the highest level over the past decade, JPMorgan said in a note on Friday. The historic “buy-to-dip” move by retail investors included names such as Nvidia, Amazon and S&P exchange-traded funds, but they sold Tesla. Small-cap technology was one of individuals’ favorite sector picks amid the meltdown, while institutional investors have increased their bets against the sector. The S&P 500 plunged 4.9% … Read more…

By Deborah Mary Sophia (Reuters) -U.S. chip companies, banks and oil majors fell sharply on Friday after China retaliated to Trump’s tariffs with steep duties, in an intensifying trade war between the world’s two largest economies that cast a shadow on global growth. China slapped additional duties of 34% on U.S. goods, set to go into effect April 10. It also announced curbs on exports of some rare-earths and added several U.S. firms to its … Read more…

By Jessica Donati and Humeyra Pamuk WASHINGTON (Reuters) – The U.S. State Department’s top official overseeing the agency’s management, appointed by President Donald Trump’s administration, is stepping down after less than three months, according to an internal email seen by Reuters on Thursday and a department spokesperson. Tibor Nagy, who also served during the first Trump administration and has been performing the duties of the under secretary for management at the State Department since January … Read more…

OTTAWA (Reuters) -Canadian Prime Minister Mark Carney announced a limited set of counter measures against U.S. tariffs on Thursday while calling President Donald Trump’s protectionist moves a tragedy for global trade. Carney said the Canadian government will copy the U.S. approach by imposing a 25% tariff on all vehicles imported from the United States that are not compliant with the U.S.-Mexico-Canada trade deal. Carney also told a press conference that the new tariffs would not … Read more…

By Dawn Chmielewski, Anna Tong and Greg Bensinger (Reuters) -As the weekend deadline for TikTok to find a buyer approaches, bidders for the short-video social media site are piling up. Amazon and, separately, a consortium led by OnlyFans founder Tim Stokely are the latest to throw their hats into the ring for TikTok. The site faces an April 5 deadline to reach a deal to find a non-Chinese buyer under threat of being banned from … Read more…