A red wall in Wall Street – but it seems that President Trump believes that everything will succeed United States news
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A red wall in Wall Street.
Dow lost more than 2000 points in one day – this only happened three times before in its long history.
Nasdak Closed in the bear market Reverse the bull market – which reflects a 20 % decrease from the highest modern level.
Dow, Nasdaq and S& P500 index registered their worst week since the global epidemic five years ago.
This is what happens when they are the largest economists in the world – America and China – Declaration of a commercial war.
Marty Handler was filmed on Thursday working on the New York Stock Exchange. Pre -approval: AP
Other countries are still discussing revenge on Mr. Trump’s tariff – “there will be blood,” according to Wall Street.
As China retreated, the US President struck the golf stadium, defending his attempt to drop the trade deficit and re -manufacturing.
China, published on the Internet, is not very happy with our mutual definitions. It is necessary for a fair and balanced trade between China and the United States of America.
“This proves that the customs tariff is the most powerful and important economic tool for our national security!” He added.
But the head of the Federal Reserve, the man in charge of maintaining inflation in the choice, hit a more depression.
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Trump’s tariff: What can we expect?
Jerome Powell said: “It is now clear that the increases in the customs tariff will be much greater than expected, and it is likely that the same is true in economic effects,” said Jerome Powell.
He warned, “It is possible that the customs tariff is likely to generate a temporary rise in inflation, as it is also possible that the effects will be more stable.”
This is bad news for American consumers, who have benefited from an open market.
With free trade, America has lost manufacturing functions but has gained cheap products from places like China.
Read more:
The tariffs in Trump will have an effect a long time ago
The global markets gave Trump a clear vote without confidence
The president’s design indicates the re -manufacturing functions to the end of these reduced prices.
One of the mother, who is shopping on the outskirts of Washington, DC, told me that she is “very concerned about high prices.”
“It affects our families here in America, so yes, I am very concerned about it.”
She was born if she thought the government is making a mistake, she replied, “I am doing.”
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Her message to the president: “Stop it.”
His head does not seem to be in the sand. It seems that everything will eventually work.
And the man who leads the words on his red hat – “make America great again” – it looks unwanted by the red wall in Wall Street.
