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Recession worries keep most world markets stymied or lower

Stocks remained stuck in a spin cycle Thursday, as worries about a recession collided with hopes that the strongest part of the U.S. economy — shopper spending — can keep going.

China threatens retaliation if US tariff hikes begin Sept. 1

China on Thursday threatened retaliation if Washington steps up its war over trade and technology by going ahead with planned Sept. 1 tariff hikes on additional Chinese imports.