As stock markets plunge credits, the fear of the Trump trade war grows: Shutterstock, Metamowork
Wall Street was shaking on Monday, March 10th as Donald Trump’s latest tariff tilade sent shockwaves through the global market.
The Dow Jones is temporarily shaking the brink of a 1,000-point drop, reverberating to an astounding 890 points. Nasdaq I didn’t get spare Both fell sharply at 4.2%, the worst daily percent drop since September 2022 – the S&P 500 fell below the 200-day moving average for the first time since November 2023.
Trump’s economic movements lead to fear of a global trade war
Investors scrambled as Trump’s economic move. this time Set your aim Canada, Mexico and China have rattled their confidence. Over the weekend, the president panicked even more among traders, suggesting on Fox News that the US economy could be heading towards a recession. Chaos was not included Go to Wall Street. The Asian market was anchored on Tuesday, March 11th, as the ripple effects of Trump’s economic attack spread around the world.
Japan’s Nikkei 225 has sank 2% Korean Cospi got an even bigger hit, dropping by 3%. Even the Chinese and Australian markets suffered sharp losses. Beyond the pond, the London Stock Exchange felt a tremble and a sharp decline, reflecting the turbulence of the US market. The message was clear. Trump’s trade war is not just a US issue, it’s causing global chaos.
Trump sets Canada on fire, branding the country “tax abusers” and warns, “We don’t need your car, don’t need your wood, don’t need your energy.”
With a quick counter punch, Ontario slapped a 25% increase in electricity exports to the US, targeting 1.5 million American consumers directly. Prime Minister of Ontario I made that clear If Trump wanted a fight, Canada would have been ready to turn off the lights with American energy imports.
Elon Musk’s Tesla stock price falls free
Meanwhile, Trump’s favorite billionaire, Elon Musk, had absolute Monday nightmare. Tesla stock price freefalls, wipes its jaw and removes $18.8 billion from the mask Personal destiny Problem time.
Worse yet, X (formerly Twitter) suffered from a Major Cyber Attacksadds confusion for the controversial technological moguls. but Musk spotted an unlikely cheerleader in the White House, and Trump jumped out to his defense of true society.
“Elon does a great job. He shouldn’t. Being punished He helped make America great again! ” Trump declared, even pledged to buy a brand new Tesla. Show support.
Fox News is involved in the stock market slump
Even some of Trump’s most devoted supporters seemed rattle. Fox News, usually a safe space for the US president, aired concerns about the free fall of the economy and Trump’s brink I was pushing America is in a recession.
That’s a stark contrast last summer, When Trump condemned the Biden administration’s economic policies. Now there’s a market in the free fall beneath him My own Look, the table is well and really turns. Is this part of his plan or has he lost control of the situation?
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