WALL STREET CRASHES: Trump Calls U.S. ‘Sumo Wrestler’ of Trade as Markets Tumble After Tariff Hike
Video Credit: Oneindia - Duration: 03:43s - Published
WALL STREET CRASHES: Trump Calls U.S. ‘Sumo Wrestler’ of Trade as Markets Tumble After Tariff Hike
Wall Street plunged as Trump's tariff war sent global markets into turmoil.
The S&P 500 saw its worst drop since 2020, while Trump declared the U.S. the "sumo wrestler" of world trade.
Investors panic as fears of economic slowdown rise.
Will the U.S. economy withstand the pressure?
Stay tuned for updates.
#US #StockMarketCrash #TrumpTariffs #TradeWar #USAEconomy
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China-US Tariff War: President Donald Trump has declared a 90-day pause on all new "reciprocal" tariffs, excluding China, which now faces a 125% levy. The decision triggered a massive rally on Wall Street, with the S&P 500 seeing its best day since 2008. Trump emphasized the need to avoid hurting friendly nations. However, economists remain cautious—Goldman Sachs warns of a 45% chance of a U.S. recession. Despite market optimism, analysts suggest the pause may not fully counteract the economic turbulence sparked by the ongoing global trade war.
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Goldman Sachs has raised the odds of a major US and global recession, warning that President Trump’s new tariffs could trigger a sharp economic downturn. Amid rising market panic and tightening financial conditions, Goldman forecasts a 45% chance of recession and slashes the US growth forecast for 2025 to 0.5%. The move comes after a global market meltdown, with China experiencing its biggest crash since 2008 and the EU facing harsh tariffs of 20%. Meanwhile, JPMorgan highlights US trade policies as the biggest risk to the global economic outlook, as retaliation, supply chain disruptions, and business uncertainty intensify. With Wall Street witnessing a $6.6 trillion wipeout in just two days, investor Bill Ackman warns that these policies could lead to an "economic nuclear winter." As countries like Canada and the EU consider stronger responses, the global trade landscape enters a volatile new phase.
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In Part 2 of this week’s [BeachBum Weekly Trading Game Plan] for the Trading Week of 4/28 – 5/2/25, we share our Thesis, [Price Targets], [Trading Strategy] etc. for the [Top Swing Trading Stocks..
President Trump spoke to China's Xi about the ongoing tariff battle, claiming both nations are in an escalating tit-for-tat trade war. While China has denied formal negotiations, Trump is confident..
Trump claims meeting with China after Beijing denies any trade negotiations
Trump insisted that a meeting with China had taken place regarding tariff negotiations, despite Beijing denying any such..
Credit: euronews (in English) Duration: 01:16Published
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