Global Markets Impacted by U.S. Tariffs
Markets across the globe have fallen after U.S. President Donald Trump's tariff moves. Even the economies of large countries have experienced steep declines. Meanwhile, fears of a recession are increasing. In response, President Trump made significant remarks in support of his economic policy.
Trump Declares It's Time to Accumulate Wealth
Trump wrote on his Truth Social page about the downturn in the market. "Many investors are coming to the United States now," he said. "They're making huge investments. My policies won't change. This is the best time to accumulate wealth like never before."
Business Leaders Support the Tariffs
In a different post, Trump wrote, "Top business leaders are not worried about tariffs. They get the long-term advantages. They want to build up our economy. This is very important."
Tariffs Affect Global and U.S. Markets
Trump has also levied tariffs on various nations, such as India. Because of this, U.S. markets plummeted on Thursday and continued to decline on Friday. The Dow Jones decreased by 5.5%, and the S&P 500 declined by 5.97%.
Market Value Takes a Major Hit
In just two days, the U.S. stock market lost about $5 trillion in value. Many economists now say this trend could lead to a recession.
Tags Cloud
