By Admin 
US tariff news: US President Donald Trump’s strict tariff policy once again shook the stock market around the world on Monday (April 7). Trump said that foreign governments will have to pay a lot of money to remove this tax. Although initially there was an indication that tariffs could be stopped for some time, which gave some relief to the US stock market, but later the White House also released a statement about it.
Stock markets of Asia and Europe also declined a huge decline and oil prices also went down. Investors are afraid that the tax that Trump is calling a ‘medicine’, he may actually make things expensive, reduce demand and perhaps lead the whole world towards economic recession. Apart from this, trade war can also start all over the world. & Nbsp;
White House reported fake news
The start of the US stock market saw a decline, but there was a slight improvement after a statement by the White House advisor Kevin Haset. He told CNBC that Trump is considering stopping tariffs for 90 days for all countries (except China). But later the White House called this statement ‘fake news’, which caused the stock market to fall again.
EU proposed ‘Zero-for-Zero’ tariff
The European Union (EU) is not yet unanimous on how strictness should be shown against America. But he has said that he is ready for talks and if needed, he will also answer. European Commission Chairman Ursula von Der Leyen said that EU has made a proposal to the US, which has asked to impose zero tax (zero-for-georo) on both sides.
‘Abhi bad time is to come’
Goldman Sachs has said that the possibility of recession in America has now increased by 45% in the next 12 months. Economists of JP Morgan believe that these tariffs (tax) may have a decline of 0.3% in the US economy, while earlier they had estimated a 1.3% increase.
Connecticut’s Dakota Wealth Management Company Senior Portfolio Manager Robert Pavlicic said, "People are afraid that the worst time is yet to come. They are worried about further decline in the market."