Trump's tariffs spark global market 'Earthquake'

The world stock market has dropped significantly after the new tariff policy of US President Trump. In nations such as Australia, Japan, and South Korea, the stock market has dropped by 5-10%. At the same time, Trump's announcement has been released, in which he has termed his move as 'necessary medicine'. Experts opine that there can be a further drop. US President Donald Trump's tariff policy has stirred a global outcry, including the US stock market. Since Trump's move, most countries are experiencing a drop of over 12%.

Trump's sharp reply

This ongoing drop has painted lines of concern on everyone's forehead. When President Trump was asked about the tariff war, his unexpected response emerged. When Trump was questioned that after the imposition of tariffs, the world has come down, what would you comment on this? Trump replied in response to this question that I do not want anything to collapse, but sometimes you need to take such medicines to repair certain things.

US is experiencing a harsh downfall

Post Trump's remark, it is claimed that he is not causing any major change to the fury in the markets across the globe. The stock market in the US is experiencing a harsh downfall. Stock markets collapse everywhere. Ever since the introduction of the new tariff policy by US President Donald Trump, there has been a commotion in the stock market across the globe. \

Hong Kong's market has decreased by over 10%

Pharma, IT and automobile sector stocks are witnessing a free fall. Australia's stock market is witnessing a fall of over 6 percent, the South Korea market has witnessed a fall of 5 percent, Japan has witnessed a fall of over 10 percent. Trump's move is affecting the entire world. China's market is down 10%, and Hong Kong's market has decreased by over 10%. As per the experts monitoring the US stock market Wall Street, the market can continue to fall by another 15-20% percent. Following this expert's forecast, the anxiety of the people has mounted.

Recession looms

The US has placed a 26% tariff on Indian goods and charged an import duty of 10% on other nations. China has responded by placing a 34 percent tariff, and there is a 25 percent tariff on American cars placed by Canada. This has created a sense of tension among the public. The imposition of a new tariff of 10% on foreign goods and retaliatory tariffs levied on scores of nations have caused traders to be apprehensive. This is why a huge amount of money is being withdrawn from the market, which is causing a gigantic fall.

Trump's decision on tariffs has fueled inflationary concerns in the international markets, which appears to further aggravate the threat of recession. It is thought that as a result of the tariff, the prices of foreign products will rise.