America, which has made its own money empty.. 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 each fell by 1.7 percent. This is the biggest one-day decline since December 18, 2023. Moreover, this is the worst decline so far this year.
⚧️👈🏼In a report issued by S&P Global, it was stated 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 stated 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.
⚧️👈🏼Sales have been hit by uncertainty. Suppliers have raised prices for goods due to additional tariffs on imports, which is reportedly driving up prices. People have come to believe that Trump’s tariffs will increase prices and inflation. Donald Trump won the US presidential election last year. He took office as president in January.
⚧️👈🏼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 now been released has revealed that Trump’s actions are having a negative impact on the country itself. The people of the country put Trump on the throne with the hope that he would boost the country's economy if he came. But the situation is the opposite.