‘Very dangerous’: Harvard professor raised red flag as market tank on Trump’s tariff
US Stock Futures On Friday, China returned with a new tariff in response to the deep loss on Wall Street. Trump administrationExtensive import of duties. Tight-for-tat trick intensifies investor concerns, sending Global market Wiping trillions in a telpin and in equity value.
Washington’s latest tariff aggressively, approximate, has already been erased by $ 2.4 trillion from the US markets, introduced immediate vengeance from Beijing, implementing 34 percent of duties on US imports and announced a plan to file a complaint with the World Trade Organization (WTO).
Former US Treasury Secretary Lawrence Summers, a Harvard Professor, slammed the market chaos starting with Trump’s policies. “Today was the worst stock market experience in five years. Usually when you have a terrible stock market experience, this is because a bank fails, an epidemic, one storm or because some other country does something.”
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He said, “The President of the United States is proud,” we do not have such stock market reactions.
Social media reflected deep division in public spirit. Critics provoked Trump’s business strategy, blaming him for job loss and economic uncertainty. The Gab Sanchez, political commentator and the host of the show cited a 205 percent increase in March, pruning as a direct result of escalating. Trade war,
He said, “Still in the US rose by 205 percent in March, 275,240 job cuts – the worst since the height of the epidemic. Trump has shut down a business war based on a fake number. And now? The stock market is in freefol,” he said in a post.
Adding fuel to the controversy, Trump’s media enterprise, True socialA few hours before the announcement of the tariff was reported to be transferred to unload the shares. Late on Tuesday night, the filing revealed the trump media and the technology group’s plan to sell more than 142 million shares, increasing concerns about insider foresight.
Meanwhile, John Cooper, president of the former Obama campaign, pointed to China’s sharp vengeance, which is an important trigger behind the deteriorating market slide. “Financial markets are moving even further,” he said, warning of global economic consequences.
Despite the backlash, Trump remained disgusting. Talking to reporters before departing for his Florida Golf Resort, he predicted a stock market “Boom” and widely confirmed the new tariff, a blanket 10 percent import duty on all countries starting on Saturday, Stator Levi targeted selected nations to follow the next week.
