Trump’s Tariffs Shake Global Markets – What’s Next?
On Thursday the Stock markets from the different corners of the world dropped after U.S. President Donald Trump announced new tariffs on imports. What are the new import taxes? This question raised the eyebrows of investors, it raised their worry that these extra costs will hurt businesses and lead to higher prices for consumers, raising concerns about a possible economic slowdown.
In the U.S., the S&P 500 fell over 3% at the start of trading, with big companies like Nike and Apple hit hard. European and Asian markets also saw sharp declines.
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Trump’s new tariffs include a 10% tax on imports worldwide and even higher rates on goods from China and Vietnam. Many businesses may pass these extra costs to consumers, leading to price increases.
At the same time, gold prices hit a record high as investors looked for safer places to invest their money. The market remains uncertain, and people are watching closely to see what happens next.
