The US stock market is in free fall.
Donald Trump just announced a 10% tariff on all imported goods.
This move has shaken investors worldwide.
Trump posted on his social media platform, Truth Social.
He said the US will be “stronger, bigger, and better” after this decision.
He ended with his famous slogan: “Make America Great Again!”
This new tariff will start on Saturday.
It applies to all countries that export goods to the US.
Trump also announced a “reciprocal tariff” on countries with large trade deficits with the US.
These countries will face higher taxes on their exports to the US.
The Dow Jones index dropped 3.6% after the announcement.
The S&P 500 fell 3.8%, and the Nasdaq plummeted 4.8%.
European markets are also feeling the heat.
The UK’s FTSE 100 index fell 1.6%, while Germany’s Dax index lost 2.5%.
France’s Cac 40 index dropped 3.2%.
What’s next for the US economy?
Trump’s decision has sparked fears of a global trade war.
Investors are worried about the impact on international trade and economic growth.
The US stock market is likely to remain volatile in the coming days.
Only time will tell if Trump’s plan will “make America great again” or lead to economic instability.
Global reaction
The international community is watching the situation closely.
Many countries are preparing for potential trade barriers.
The European Union, China, and other major economies are considering their next moves.
One thing is certain: the global economy will feel the effects of Trump’s decision.
- The US stock market is down
- European markets are also affected
- Trump’s decision sparks fears of a trade war
- The global economy will feel the impact
Source: BBC