On Monday (April 7), US President Donald Trump’s strict tariff policy shook the stock markets around the world once again. Trump said that foreign governments will have to pay a lot of funds to end this tax. Although initially there were indications that the tariff could be avoided for some time, which gave some relief to the US stock market, but later the White House also issued a statement in this regard.
The stock markets of Asia and Europe also declined drastically and oil prices also declined. Investors are afraid that taxes that Trump are calling “medicine” can actually make things more expensive, reduce demand and possibly lead the whole world to economic recession.
The US stock market initially declined, but after the statement of the White House advisor Kevin Haset, it had some recovery. He told CNBC that Trump is considering suspending tariffs for 90 days for all countries (except China). But later the White House called the statement as ‘fake news’.
European Union proposes ‘zero-to-zero’ tariff
The European Union (EU) is not yet unanimous on how strict its attitude towards America should be. But he has said that he is ready for talks and will answer if needed. European Commission Chairman Ursula von Der Leyen said that the European Union has made a proposal to the US,
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