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Never underestimate Donald Trump’s ability to ruin something very quickly. Trump apparently considers his national speech before a joint session of the congress as his great moment of theater, so on Monday, he told journalists that the prices on Mexico and Canada would begin on Tuesday.
Trump told the White House: “Tomorrow – 25% prices in Canada and 25% in Mexico. And it will start. They will have to have a price. »»
The president said that there was no place for the delay, and his comments took what had been a positive market day and pushed it deeply into the negative.
CNBC reported:
The S&P 500 fell by 2.1%, which gave its performance at the start of the year to a loss of almost 1%. The industrial average of Dow Jones dropped 789 points, or 1.8%. The Nasdaq Composite slipped 3%, weighed down by the drop in Nvidia by more than 9%.
The three clues negotiated earlier in the session, with the DOW at a given time nearly 200 points. Actions have made a notable leg in afternoon trading after Trump’s reiteration that 25% of imports from imports from Mexico and Canada would come into effect on Tuesday, hoping for the hopes of investors from a last minute agreement to avoid full prices on the two American allies.
The DOW closed more than 648 points after Trump’s comments, and we could expect more losses if the prices are being set up.
There is no doubt that Donald Trump’s comments and his stupid pricing plan down the market.
Trump will stand in front of the nation and the world and affirms that things are great The economy is in trouble, The scholarship drops and America loses its place around the world.
The stock market crash before Trump deals with the country which corresponds to this presidency of the train wrecks.
What do you think of Trump who crashes on the stock market? Share your opinion in the comments below.