US President Donald Trump has made a big statement about his counter -tariff. Amidst the upheaval in markets around the world, Trump said on Sunday that sometimes bitter medicine has to be taken to cure a problem. Trump’s statement has come in terms of a decline in the global stock markets due to his tariff decisions. He clarified that they are not deliberately causing instability in markets.
Stock markets affected
Talking to reporters, Trump said, “I don’t want the market to fall, but you have to take strict steps to improve some things.” Talking to the media in the Air Force One, he also said that America is benefiting from their tariff decisions, even if the markets are being affected for some time.
Due to these tariffs, the stock markets around the world have recorded a decline and the shares of many big companies have seen huge losses.
Joe Biden targeted
Trump targeted his predecessor President Joe Biden, saying that during his tenure, the US had to face trade deficit from many countries. Trump claimed that the US trade balance with China, the European Union and other countries was impaired and it could be improved only through tariffs.
In one of his social media posts, Trump said, “We are going to turn the trade deficit in Biden’s time now. Now billions of dollars are returning to America through tariffs and good results are coming out. One day people will understand that tariffs have been beneficial for America.”
Experts warning: Market fluctuations possible
Analysts believe that Trump’s tariff decisions will affect global trade, affecting the speed of inflation and economic growth. This week, there is a possibility of ups and downs in Indian stock markets due to many domestic and global developments.
Especially the Reserve Bank of India Monetary Policy Committee meeting and inflation figures coming from the US can affect the market. According to experts, investors are currently cautious as they feared that if the situation of trade war is depth, it will affect the global growth rate.
Today’s gold and silver price: Good news for gold buyers! Big fall in prices
The post Trump’s tariff decisions stir in global markets, said – medicine is necessary for treatment first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
