Donald Trump, who has caused an “earthquake” on international markets after imposing duties almost all over the globe on Wednesday (02/04/2025), is not getting … a bench, as he is flourishing the economy at a time the stock market is shaken.
Donald Trump, a day after historical announcements of imposing duties on a global scale, argued with new statements that “Oiagans and shares will rise, the country will bloom.
And the rest of the world wants to see if there is a way to make a deal.
We have been exploiting for many years, many years.
For many years we were on the wrong side of the story and I tell you something, I think it will be incredible. “
Of course, the reaction of the markets is not exactly … flourishing as they were severely shaken by Donald Trump’s announcement on duties, which threatens to throw the US and the rest of the planet in recession.
‘Dip’ in the markets
Dow fell by 1,400 units or 3.34%. The wider S&P 500 index sank by 4.1%. Nasdaq Composite dipped 5.2%.
Dow and the S&P 500 were on track for their highest daily fall by 2022 and technologically heavy Nasdaq, drifted by giants such as Apple (AAPL), which sank by 9%, was on track for its largest daily fall since March 2020.
If Nasdaq closes 5.16% or lower, it will be the worst day of the index since March 2020. If Nasdaq is closed with a lower than the 5.16% threshold, it will still be in orbit for its worst day by 2022.
Russell 2000, an index of smaller companies, sank by 6%. Russell has dropped more than 20% of the recent November peak, which was slightly high from the high record, placing the index in a bear market (20% drop from the recent high).
European markets were shaken and these
The European Stoxx 600 reference declined 2.57%, eliminating index profits since January.
The German DAX index fell 3%.
France’s reference index fell 3.31%, with the highest drop in one day since July 2023.
Italy’s reference index fell 3.6%, with the highest drop in one day since March 2023.
“The announcement of duties much more draconian than expected,” said Sam Stovall, head of CFRA Research’s investment strategic analyst, in a email. “The shares in free fall due to the expected inflationary impact of these duties.”
‘Seven trillion dollars come to our country’
But Donald Trump does not seem to be … anxious with all this and referred to the new investment announcements under his government as promising news for the economy.
“What people have to talk about is that we have almost seven trillion dollars that come to our country and you will see how it will evolve,” he said.
“I think our country will flourish.”