US stock market declines: Since the announcement of the new tariff by President Donald Trump, there has been upheaval in the stock markets around the world. The great thing is that when America was talking about increasing its revenue through the new tariff, then there is a huge decline in the US stock market at this time. Currently, the US stock market has fallen by 4.78 per cent in Nasdaq, while S&P 500 has also fallen by 3.97 per cent. Apart from this, Dow Jones also recorded a decline of 3.57 percent.
Alan Musk’s Tesla also suffered a major loss.
The big thing is that despite being large multinational companies in the US, the stocks have declined significantly. Talking about Nike, its shares have fallen by 11 per cent, similarly Apple’s shares have also fallen by 9 per cent. At this time, the condition of companies making semiconductor chip is also bad. Its stock has fallen five percent. After Donald Trump’s tariff, Alan Musk’s shares also fell by 3.5 percent.
The stock market there is also seeing fluctuations because President Trump has imposed several tariffs on China. Hangseng fell by 1.54 percent and Shanghai Composite declined by 0.24 percent. It was a relief for India that Sensex and Nifty improved after the initial decline. The BSE Sensex fell 322.08 points or 0.42 percent to close at 76,295.36, while the 50 -share NSE Nifty fell 82.25 points or 0.35 percent to close at 23,250.10.
What did Trump say?
However, President Trump is still very excited, even while announcing these tariffs he showed big dreams to America. President Trump said, “By doing this we will get back our jobs, we will get back our industries, we will get back our small and medium -sized businesses, and we will make America rich again.” Now jobs in America will grow in full swing.
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