US tariffs erase $ 9 trillions in global markets; Trump says ‘Supercharge Economy’
S&P 500 declined by about 6%, Dow Jones Industrial Average fell 5.5%, and Tech-Havi Nasdaq declined by 5.8%, officially entered the bear market area.
“The US market has now lost more than $ 9 trillion in the market cap since the inauguration,” Ajay Bagga, banking and market expert. “US imports are $ 3.3 trillion. US tariff revenue, even if all imports remain and all these $ 3.3 trillion imports are collected, $ 600 billion will be. The import will be expensive by an average. The demand will be reduced.
This was sold, effectively extending the possibility of a long global trade war on 10 April, after China hit back China with 34% retaliation on all American imports. European and Asian indices followed the US Slamp- Germany’s Dax lost 5%, France’s CAC 40 4.3%fell, and Japan’s Nikkei fell 225 2.8%. Oil prices have been submerged at their lowest level since 2021, while industrial items like copper also recorded a sharp decline.
Voting
Do you think the trade war between countries is beneficial for the global economy?
India was either not spared. Sensex fell 930 points to close at 75,364.69, and the Nifty ended 345 points at 22,904.45. For the week, Sensex scored more than 2,100 points, with global trade stress and gaining heavy risk on investor’s spirit. Sectors like IT, Metals, Pharma and Oil were the most hits.
‘Tariff Here to Stay’: Trump brush of causes, markets lose $ 5 trillion in two days
Amidst the upheaval of the market, President Trump was surprised and doubled his combative trade policy. Posting on the truth social, he announced: “The big business is not worried about tariffs, because they know that they are to live here, but they are focusing on big, beautiful deal, which will supercharges our economy. It is very important. It is very important !!!”
His comments followed the two -day wipeout, which wiped out the $ 5 trillion from the US markets alone. Despite the report of a strong jobs, investor nerves were instigated on the growing tariff of a global recession and on the apprehensions.
Nevertheless, Trump hit an optimistic note, urged his followers: “This is a great time to be rich,” and for a surgical process, compared to economic turmoil -row – objectionable but necessary. “China played this wrong, they got nervous – one thing they can’t do!” He wrote in another all-cap post.
He also indicated on progress with other business partners, stating: “Vietnam wants to cut his tariffs up to zero if they are able to make an agreement with the US.”
Outside the US, the market remained under pressure. Germany, France and Japan all reported heavy losses. Oil and copper continued to fall, deepening concerns about the widespread recession in global demand.
Meanwhile, US Federal Reserve Chairman Zerome Powell issued a warning that the business war could contribute to “high inflation and low growth”, and indicated restraint on interest rate cuts. But Trump pushed back, urged: “Stop playing interest rates, Geom, and politics!”
Despite increasing losses for major corporations such as GE Healthcare and DuPont, Trump continued the strength of the project. “Only the weak will fail!” He posted a weekend golfing at his Mar-e-Lago Resort in Florida.
