TCI Magazine
News & Events

USA stock market plunges amid Trump’s tariffs levies

By TCI Magazine

The United States Stock Market last Friday plunged as soon as White House Press Secretary, Karoline Leavitt, confirmed that President Donald Trump would levy tariffs.

The stock market futures dropped 450 points before trading opened Monday.

Writing on the issue, U.S. foremost political analyst, Heather Cox Richardson, said “Trump inherited the best economy in the world from his predecessor, President Joe Biden, but on Friday, as soon as White House press secretary Karoline Leavitt confirmed that Trump would levy the tariffs, the stock market plunged.”

In the face of this unforseen and unintended consequence, Trump, who during his campaign insisted that tariffs would boost the U.S economy, quickly reversed himself, saying that Americans could feel “Some pain” from them. He added: “But we will make America great again, and it will all be worth the price that must be paid.”

 

Related posts

Ngũgĩ wa Thiong’o, renowned Kenyan author and activist passes away at 87

Osa Mbonu-Amadi

We would rather die in Ukraine than return to Nigeria – some Nigerians

Osa Mbonu-Amadi

Ndichie Music & Dance: The only copy in the world

Osa Mbonu-Amadi

Breaking News: Biden beats incumbent Trump, becomes 46th US President

Osa Mbonu-Amadi

Focus on unveiling Nigerian tourism sites, tourism minister advises NATOP

Osa Mbonu-Amadi

Insecurity in Nigeria: Governor solicits foreign army’s help

Osa Mbonu-Amadi