#TrumpTariffs president Trump Says Market Will Boom Despite Crash ๐๐
President Donald Trump has declared that the stock market is set for a massive boom, even as markets reacted negatively to his latest tariff announcement. On April 3, 2025, Trump imposed sweeping tariffs, including a 10% tax on all imports and higher rates on key trading partners: 34% on China, 20% on the EU, and 10% on the UK.
๐ Market Reaction:
S&P 500: -4.9%
Nasdaq: -5.9%
Dow Jones: -4%
Despite the sharp drop, Trump remains confident. โThis is Liberation Day for American trade. The markets are going to boom!โ he stated.
๐ฅ Whatโs Next?
Economists warn of inflation spikes and recession risks, with an estimated cost of $3,800 per household due to price increases. Meanwhile, Canada and the EU have announced retaliatory tariffs, escalating trade tensions.
๐ Will Trumpโs bold move bring long-term economic growth, or is the market facing a deeper crash? Drop your thoughts!