Global Stock Markets Meltdown as Trump Sticks to Tariff Plans | Firstpost America | N18G
Global stock markets plunged for a third day on Monday as President Donald Trump stuck to his tariff plans, while China retaliated with hefty tariffs on American imports. This has sparked fears of a recession across the globe. Asian markets were hit hardest, with Japan, Hong Kong, and Taiwan seeing significant losses. European markets have also faced sharp declines, while US futures dropped further, adding to last week’s massive losses. China accused the US of economic bullying, and experts forecast continued volatility. But President Trump in a post on social media said there was no inflation and that food prices were down. Billionaire investor Bill Ackman warned of a global economic crisis, citing a loss of confidence in the US as a trading partner. Watch this video to know more.
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