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U.S. stocks fall sharply on Tuesday after Donald Trump threatens to unleash a fresh round of tariffs on $200 billion worth of goods from China.
China's central bank governor has asked investors to "stay calm and rational" and insisted the economy is in a solid fundamental position after domestic stocks tumbled to a near two-year low Tuesday following the latest escalation in the ongoing trade war between Washington and Beijing.
The stock market continued its downward decline Tuesday amid fresh fears over a trade war with China.