The fall today (30.4.2025) continues to Wall Street Following the announcement of the reduction of GDP of USA By 0.3% in the first quarter of 2025, due to the large increase in imports, by companies trying to avoid the highest cost they would pay due to duties.
In addition to the unexpected reduction of GDP, the US is also observed in the private sector. With the opening of Wall Street, the Dow Jones industrial index fell 0.62%, the NASDAQ index of high -tech companies by 1.23%and the S&P 500 compound index of 0.79%.
At the same time, European stock markets also went to the Red, as the Paris Stock Exchange fell 0.18%, Frankfurt -0.42%and Milan -1.36%.
In a first reaction, President Donald Trump urged the Americans to “be patient”, insisting that the tariff policy would eventually lead to the flourishing of the American economy.
Trump rejected responsibility for his democratic predecessor, Joe Biden, for the poor performance of the economy. “This is Biden’s Stock Exchange, not Trump. Our country will bloom, but we need to get rid of Biden’s remains, “he said on the Truth Social platform.
“It will take some time, this has nothing to do with duties, only that (Biden) left us with bad statistics. When the bloom begins, it will be unprecedented. Be patient, “he added.
Source: RES – EIA