US Trump Tariff News: US President Donald Trump announced to impose tariffs (import duty), causing a stir all over the world. His decision has affected the global economy. The stock markets of many countries of the world including India have seen a big decline. Zimbabwe has removed the tariffs imposed on American goods under the pressure of Trump.
Canadian Prime Minister Mark Carney has said that Trump’s tariff policy can be harmful not only to Canada but also to America itself. However, Trump claims that this decision will make America and rich, but the condition of markets around the world and the statements of leaders are seen to be the opposite.
Large drop in stock markets
After the announcement of Trump’s tariff, there has been chaos in the stock markets around the world. On Monday, Asia’s markets saw a huge decline. Japan’s Nikkei 225 index fell 6.3% and Hong Kong’s Hang Seng fell up to 10%. India’s stock market also went down about 5% as soon as it opened.
All major stock index fell more than 5% in the US on Friday. S&P 500 had to see the worst week after the year 2020. JP Morgan Bank has warned that due to these tariffs, the possibility of recession in the US and the world has increased by 60%.
https://www.abplive.com/news/world/america-tariffs-wreak-havoc-in-market-zimbabwe-president-to-suspend-tariffs-on-imports-from-the-united-states-2919940
