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US stocks drop as Nvidia slides and the fog of Trump’s trade war thickens

Losses accelerated after the Federal Reserve's head said tariffs could push economic growth lower and inflation higher than it had earlier thought.

Trader Fred Demarco works on the floor of the New York Stock Exchange
Trader Fred Demarco works on the floor of the New York Stock Exchange, Tuesday, April 15, 2025. (AP Photo/Richard Drew)
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Losses accelerated after Powell said Trump’s tariffs could push economic growth lower.

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