I'm not sure if back and forth Tariff news will cause major panic again (since we're starting to be numb to the madness), but unless there's an agreement with China very soon, I have a feeling there's gonna be more dippin' once the actual ramifications start showing up in the numbers...which they haven't really yet. You can't have a massive disruption like this between two global powers (never mind the other countries) without some major economic damage being felt.
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