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Stocks decline after Trump threatens new tariffs on Mexico Stocks tanked on Friday as investors feared President Donald Trump’s surprise threat of tariffs on all Mexico imports, amid a worsening trade war with China, could risk sending the U.S. economy into a recession.

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China threatens corporate hit list on eve of new US tariffs China on Friday threatened to unveil an unprecedented hit list of "unreliable" foreign firms, groups and individuals who harm the interests of Chinese companies as a slate of retaliatory tariffs on imported U.S. goods was set to kick in at midnight.