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Binance News
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Asian Stock Indices Plunge Due to Unchanged Trump Tariff Plan
According to Jinshi data reports, major Asian stock indices plummeted on Monday, as White House officials showed no signs of abandoning the comprehensive tariff plan. Investors are betting on rising risks of a U.S. economic recession, with the futures market expecting the U.S. to cut interest rates five times this year.Sean Callow, senior foreign exchange analyst at ITC Markets in Sydney, stated that President Trump's remarks are the only circuit breaker, and the market sell-off's impact on him is insufficient to change his policy stance. Investors had believed that wealth losses would prompt Trump to reconsider his plans.
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