“Senior adviser to President Donald Trump has downplayed fresh economic turbulence as the administration’s escalating trade war deepened its sales on Wall Street and renewed fears about US economic stability.” Washington Post Report.
“With all three major US stock indices being hampered, Trump’s team has proven volatility is temporary and predicted confidence that the economic boom caused by tax cuts will continue later this year. However, investors are uneasy about Trump’s willingness to impose tariffs that go beyond his sweeping campaign promises, with new import tariffs for hundreds of billions already being collected and poised to take effect on April 2nd.”
Bloomberg: “Selections on US stocks accelerated on Monday, causing a massive average to fall on the worst day of the year as investors thwarted the Amelia economy.”
CNN: “The widespread sale was driven primarily by fears about the impact of Trump’s tariffs.”
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