Stock markets are being crushed by Trump..!?

Stock markets in the united states suffered a sharp decline last Friday. The country's economy is slower than expected and there are concerns about rising inflation. In particular, the S&P BSE 500 and DOW Jones industrial average indices fell by 1.7 percent each. This is the biggest one-day decline since december 18, 2023. Moreover, this is the worst decline so far this year. In a report released by S&P Global, it said that US trade activity fell to a 17-month low in february due to the volatility caused by the government's import tariff policy. It also said that consumer sentiment has deteriorated amid rising commodity prices. chris Williamson, chief business economist at S&P Global Market Intelligence, said companies were concerned about the negative impact of government policy measures, from domestic spending cuts to tariff increases to geopolitical developments.
Suppliers have raised prices for goods due to additional tariffs on imports, which are reportedly rising amid the price hike, he said. people have come to the conclusion that Trump's tariffs will increase prices and increase inflation. donald trump won the US presidential election last year. He ran for president in January. advertisement Within days of taking office, donald trump caused a stir internationally by imposing additional tariffs on goods imported from China, Canada, and Mexico. He said he was doing this for the benefit of the United States. But the data that has recently come out has revealed that Trump's actions are having negative consequences for the country itself. The people of the country put trump on the throne in the hope that he will boost the country's economy if he comes. But the situation is the opposite.
For more interesting updates wa click and follow Indiaherald WhatsApp channel

Find out more:

Sowmiya Sriram

24/02/2025 12:58 PM