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Stocks are continuing their slide Friday, with the Dow Jones industrial average opening down 230 points, or 0.95%, after President Donald Trump said that trade wars are good.
"When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win," Trump tweeted. "Example, when we are down $100 billion with a certain country and they get cute, don't trade anymore-we win big. It's easy!"
On Thursday, Trump confirmed new 25% taxes on imported steel and 10% on imported aluminum would be announced next week, sending the Dow down almost 600 points at its lowest levels.
Japan's Nikkei closed down 2.5% Friday, and Germany's DAX was down 1.96% at the time of writing.
This story is developing and will be updated…
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