global economy
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U.S. stock markets are experiencing a powerful surge, recovering dramatically from initial volatility after President Trump’s China tariff announcement. Major indices are showing substantial gains, including the S&P 500 up by 9.48%, the Dow Jones by 7.80%, and the Nasdaq by 11.89%. However, European and Asian markets are showing a different trend, with significant declines…
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US President Donald Trump announced on Truth Social an immediate increase in tariffs on China to 125%, citing disrespect for world markets. He also declared a 90-day pause and a reduction to 10% for reciprocal tariffs with over 75 other nations engaged in trade negotiations.
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President Trump’s new tariffs exempt oil and gas products, benefiting major fossil fuel donors while raising consumer prices, critics claim.
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Asian markets tumbled after Trump’s sweeping tariff hikes on global trade partners, escalating fears of a global economic slowdown.
