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Live from NPR News in Washington, I'm Korva Coleman.
Global markets are plunging again in reaction to President Trump's trade war.
As NPR's Maria Aspen reports, Asian and European markets plunged overnight.
Dow futures are down more than 800 points, or more than 2%.
The U.S. stock market last week lost more than $6 trillion in value over two days.
And investors are bracing for the pain to get even worse.
Oil futures and the price of Bitcoin have also plunged.
Goldman Sachs is the latest investment bank to warn
that President Trump's sweeping tariffs could tip the U.S. into a recession within the next year.
That echoes the warnings of many economists.
And now some leaders on Wall Street have started publicly asking Trump to rethink his tariffs.
Billionaire fund manager Bill Ackman, who endorsed Trump during last year's election,
said on X, quote, we are heading for a self-induced economic nuclear winter.