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Global markets rise on US Fed's signal on rate cuts

Shares surged Wednesday in Asia following a rally on Wall Street spurred by signs the Federal Reserve is ready to cut interest rates to support the U.S. economy against risks from escalating trade wars.

US companies are in line of fire of tariffs aimed at Mexico

The surprise announcement by President Donald Trump of an escalating tariff regime against Mexico is sending ripples through almost every economic sector in the U.S., pulling at the shares of companies that make cars, operate railroads, or sell anything with produce.