The US economy is going down, and the president #TRUMP has a lot to thank for that. A recent CNN analysis shows that the US market is experiencing its worst period in six months.
The technology sector suffered the most: the capitalization of companies from the #Nasdaq100 index fell by $1 trillion on March 10, and this could be the worst performance in recent years.
What was the trigger? Trump himself. The US leader said he was not ruling out a recession, and the markets reacted immediately: the S&P 500 fell 9%, and the CNN Market Sentiment Index fell to the “extreme fear” level.
But Trump is calm: "This is a transition period. We are bringing wealth back to America. This is important."
Investors do not share his optimism. The main irritant is tariffs on imported goods from China, Canada and Mexico, which, according to analysts, only slow down the economy. Goldman Sachs has already increased the probability of a recession in the US to 20% in the coming year.
Trump makes excuses: restrictions are needed to combat the flow of fentanyl. Experts, however, are sure that the consequences will be serious for all of North America: supply chains are collapsing, the auto industry and energy are under threat.
And some economists even hint that Trump’s policies are the path to a new global crisis.
Is a New Great Depression Around the Corner?
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