Global markets plunged on Monday following last week's two-day meltdown on Wall Street, and President Donald Trump said he won't back down on his sweeping new tariffs, which have roiled global trade.
Trump's tariff blitz fulfilled a key campaign promise as he acted without Congress to redraw the rules of the international trading system.
It was a move decades in the making for Trump, who has long denounced foreign trade deals as unfair to the US.
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