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U.S. Stocks Slide Amid Trump’s China Tariff Claims

5/31/2025

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Summary

Story summary

U.S. stocks declined as President Trump accused China of breaching a tariff agreement.
New restrictions on China's tech sector are planned amid stalled trade negotiations.
The Dow fell 0.38%, S&P 500 decreased by 0.79%, and Nasdaq dropped 1.3%.
Inflation data indicated a slight decrease, while personal income increased by 0.8%.
Corporate earnings were mixed; Gap missed forecasts, while Ulta and Costco surpassed expectations.

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Story summary

U.S. stocks declined as President Trump accused China of breaching a tariff agreement.
New restrictions on China's tech sector are planned amid stalled trade negotiations.
The Dow fell 0.38%, S&P 500 decreased by 0.79%, and Nasdaq dropped 1.3%.
Inflation data indicated a slight decrease, while personal income increased by 0.8%.
Corporate earnings were mixed; Gap missed forecasts, while Ulta and Costco surpassed expectations.