Washington
Amidst a huge upheaval in the global market, US President Donald Trump has posted a new post on social media. This post on social media was done in New York at 9:37 am. In his post, President Donald Trump wrote, “This is a great time for shopping in the stock market.” Let us know that the announcement of Trump Tariff has a stir in the world market and the American market fell more than $ 6 trillion in the last four days. This caused a strong loss to S&P 500. Not only this, the Indian stock market also fell to about 4000 points on Monday due to Trump Tariff.
Plan has been postponed for 90 days
Let us tell you that on Wednesday, US President Donald Trump decided to postpon the fees levied on most countries for 90 days amid the possibility of recession in the global market, although he has increased the duty rate on imports from China to 125 percent. Trump said that these countries agreed to interact on more favorable terms. This news led to a bounce in the stock market in minutes. The S&P 500 increased by more than 7%, making a profit of $ 3 trillion. It also affected the Indian stock market and some recovery was observed in the Sensex-Nifty. Despite this, there is an atmosphere of fear among investors around the world including India.
Trump was adamant on stubbornness
Let me tell you that Trump posted last week, “My policy will never change.” On Monday and Tuesday, when the S&P 500 declined, Trump reiterated that they are not monitoring the market, the economy needs to “take medicine” to strengthen. Treasury Secretary Scott Besant insisted that Wall Street is not being noticed. He said that it is now the turn of the main street.