The tariff policy of US President Donald Trump has created a ruckus worldwide including the US stock market. After Trump's decision, many countries are seeing a decline of more than 12 %. This continuous decline has drawn the lines of worry on everyone's forehead. When the President Trump questioned the tariff war, his shocking answer has come out.
When Trump was questioned that after the tariff is imposed, there is a decline in the world, what will you say on this? In response to this question, Trump gave a statement that I do not want anything to fall, but sometimes, you have to give such medicines to cure some things.
After this statement by Trump, it is being said that he is not making any much difference from the outcry in the markets around the world. There is a severe decline in the US stock market.
There has been chaos in the worldwide stock market since US President Donald Trump implemented the new tariff policy. Pharma, IT and Auto sector shares are seeing a huge decline. Australia stock market is seeing a decline of more than 6 percent, while South Korea's market has seen a decline of 5 percent, Japan has seen a decline of more than 10 percent.
Trump's decision is affecting the whole world. China's market is 10 percent down, while Hong Kong's market has fallen more than 10 percent.
According to experts who monitor the American stock market Wall Street, the market may see a decline of 15-20% percent. After this prediction of experts, people's tension has increased.
The US imposed 26% tariff on Indian products and imposed 10% import duty on other countries. China retaliated and put 34 percent tariffs, while the same Canada has imposed 25% tariff on American vehicles. Due to this, there is an atmosphere of tension among the people. Traders have been nervous due to new tariffs of 10% imposed on imported goods and counter -tariffs on dozens of countries. This is the reason why money is being taken out of the market in large quantities, due to which there is a huge decline.
Trump's tariff decision has increased the possibility of inflation in the global markets, due to which the risk of recession is seen deepening. Experts believe that the prices of imported goods will increase due to tariffs.
