Trump Taf Us Stock Market: US Stock Trump Tarf Tumble, S&P 500 is the lowest since September
The stock markets fell on Monday amidst apprehension over Donald Trump’s declarations of liberation day. Since coming to power, Trump announced several targeted taxes – also as a warning – which will be applicable on Wednesday, but what the tariffs are and how they will affect countries, there is very little clarity about how they will affect the countries. According to reports, even Vice President JD Vance, Chief of Staff Susie Wils do not know about the details of the plan that the Commerce Secretary Howard is putting in the Holy Lootnik place. Inner sources claimed that the details had been deliberately rescued in the markets on Monday morning in the stock markets.
Dow Jones Industrial average traded 311 points, or 0.7%. S&P 500 drowned 1.1%, and Nasdaq Composite 1.6%. Investors were again in a risk-to-one mood on Monday, which was selling tech bull market winners like Nvidia, Tesla and Meta.
Uncertainty on tariffs
Trump initially stated that mutual tariffs stated that they are planning to impose on countries that would be very generous taxes on American products and some countries can get a relief. But on Sunday, he took a U-turn and said that all countries would get mutual tariffs. “You will start with all countries,” Trump asked reporters in the Air Force. “Essentially about all the countries that we are talking about.”
How the global market collapsed after Donald Trump’s latest comment on tariff, exios explained that the stock markets in Asia collapsed on Monday morning after Trump’s comments, 4 percent with Japan’s Nikkei 225 benchmarks, 2.5 percent less with South Korea’s Korea and Hong Kong’s Hong Seng Index below 1.7 percent. In Australia, ASX closed down by 1.7 percent.
JP Morgan’s chief economist, Bruce Kasman, said, “The risks of recession have raised – a 40% probability – on concerns that aggressive American policies killed trade and domestic spirit,” said Bruce Casman, the chief economist of JP Morgan. “In the next quarter with the latest tariffs, the US core is set to pursue inflation, with a healthy balance, a domestic area will need to show the desire to reduce its savings rate to cush this blow.”
