Trump Tariff: On Friday, China increased the tariff on imports from the US to 125 percent and with this there was a stir in the US stock market. The American stock index futures declined on Friday. In fact, the US is getting faster by imposing 145 percent tariffs on China and now China’s retaliation. Due to this, the risk of economic recession is also increasing. Today, there has been a decline of 0.27 percent in Dow Jones, 0.28 percent in S&P 500 index and 0.29 percent in Nasdaq.
Constant fluctuations in stock market
On the one hand, US President Donald Trump on Thursday gave relief to all the other countries in the world for 90 days from tariffs, while it has been increased to 145 percent on China. After the announcement of Trump’s tariff, the stock market has been seeing fluctuations for the last few days. Wall Street recorded a decline in the fourth consecutive trading session, although the S&P 500 index on Wednesday witnessed the highest increase in one day since October 2008.
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