Donald trump on tariff: After Trump’s tariff policy, there has been an outcry in the global market in the last few days. The stock markets of Asia and Europe have declined drastically. On this too, US President Donald Trump’s response has come to light. He said that oil prices have come down, there is no inflation. His statement has come at a time when many experts have warned of recession.
Oil prices decreased- Trump
Posting social media platform Truth, Trump said, “Oil prices have come down, interest rates have come down. The prices of food items have come down, there is no inflation of any kind.” Trump claimed that the US is earning billions of dollars per week from countries already misused the already implemented tariffs.
China markets falling- US President
The US President said, “China did the most wrong with the US. China markets are falling.” China said that from April 10, it would impose 34 per cent tariffs on all the goods imported from the US, which Trump has declared ridiculous. China has also decided to ban the export of double -use items to 16 American companies. On this, Trump said that China did wrong, they are nervous.
Decline in markets around the world
Meanwhile, the US Federal Reserve president Jerome Powell warned that the US tariff is likely to increase inflation and slow growth, which may lead to unemployment. On Monday (7 April 2025), the markets around the world, including India, declined a major decline amid concerns about the US retaliation.
The local stock market BSE Sensex 2,226.79 points, while the Nifty of the National Stock Exchange (NSE) fell 743 points. In other markets in Asia, Hong Kong’s Hangseng fell more than 13 per cent, Japan’s Nikki 225 fell nearly eight per cent, Shanghai SSE Composite 7 per cent and South Korea’s Kospi was over 5 per cent.
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