The enthusiasm of Wall Street investors for growth they thought would bring to the US economy by Donald Trump’s second presidential term, did not last long. Following the November 4th elections in the US, the S&P 500 reference index made a rally until February 19, climbing the 6,144-unit level. But then he got downhill, losing all the profits he had after the election and on Thursday he was moving at the last half. In just three weeks, it even entered the correction phase as it fell more than 10% of its high level. The inverse course of the stock market began when Trump decided to implement his pre -election announcements to impose tariffs on imported products, with the aim of increasing investment in industry and employment in the US. The problem with duties is that they lead to paying measures from the affected countries, resulting in a trade war that ultimately makes exports difficult to […]
Source: News Beast
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