07.04.2025 14:52
The new tariffs implemented by U.S. President Donald Trump have caused a震动 in global markets. As the new trading week begins, markets are negatively affected by the decision, while Trump defended his choice. The U.S. President, stating, "I was elected for this," said that Beijing needs to address the trade deficit, adding, "China is taking a big hit because everyone knows we are right."
After Trump's announcement of the customs tax decision that will be applied to 185 countries, the markets in the US lost more than 5% in value on Friday. The S&P 500 index, which tracks the 500 largest companies in the US, fell nearly 6%. On Monday, Asian markets opened with a decline. The Nikkei 225 Index on the Tokyo Stock Exchange dropped by 6.3%. The decline, which caused chaos globally, also affected the European and Turkish stock markets.
"I WAS ELECTED FOR THIS"
As the new week began with a negative reaction from the markets, Trump continued to defend the taxes that will come into effect on April 9. Claiming that he was elected with the promise of additional customs duties, Trump specifically targeted China and stated that Beijing needs to address the trade deficit. Trump said, "I will not make a deal until we solve this problem. China is taking a big hit because everyone knows we are right."
Donald Trump, who said, "I can't predict what will happen to the markets," argued that the country's economy is much stronger.
QUESTION ABOUT "US CONSUMERS ARE ALSO AFFECTED" ANGERED HIM
Trump also reacted to a journalist's question about whether US consumers are affected by the taxes. "I think this question is very stupid," said Trump, "I don't want anything to fall. But sometimes you need to take medicine to fix something."