US stock market: Trump Tariff Thunderbolt on Wall Street! 5 trillion dollars uf ..
In the superpower, the stock market comes for tariffs declared by US President Donald Trump. A cruel collapse was recorded in two trading sessions. For the first time after Kovid, the most serious crisis on Wall Street. The S&P500 fell 5.9 % in the trading session on Friday. If you add collapse on Thursday, $ 5 trillion was lost in this index. Dowzones fell 2,231 points. On the other hand, the tech index declined by 5.8%. Generally, a better report on the US job market, which is usually a financial attraction every month, is not sufficient to prevent the decline.
Bloodshed on Wall Street.
China’s reaction to American tariffs has intensified losses in markets around the world. The US Ministry of Commerce has said that 34 percent of the US will impose 34 percent tariffs on imports of all US products on imports from China. America and China are the two largest economies in the world.
The markets are slightly cured because American jobs are positive beyond estimates. This data has slowed down the possibility of economic recession.
But then the US stock market again crashed.
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The main question of the present is: Will business war be the cause of the world’s recession? If this happens, stock prices will be reduced further than the current. The S&P500 declined by 16 percent compared to the recorded records in February.
Trump is not running! The message on social media “This is a great time to become rich.”
How long does Trump tariffs live? The future depends on how other countries take revenge. Some people in Wall Street hope to reduce the duties of some changes from other countries after Trump talks. Otherwise, others say that there is a possibility of depression.
Trump said that some may suffer due to American tariffs, but longer targets, including recycling of more menoprizing jobs for the US, are worth it.
Bryan Jacob Sun, the chief economist of the Annex Wealth Management, said that investors who see their portfolio looked an operation without anesthesia.
However, Jacobson said that the next surprise for investors will reduce the tariff. The speed of recovery depends on how and how quickly the authorities will consult.
Bond market is also down ..
Treasury yields in the bond market as concerns over strengthening the US economy. The return on the 10 -year treasure decreased from 4.06 percent to 3.99 percent on Thursday and from 4.80 percent to 3.99 percent earlier this year.