For the second day, the world money market shows huge losses by reacting to the trade war that Donald Trump launched with the duties he announced. Duties, which are taxes for imported goods, aspire to encourage companies to produce within the United States to make America rich again. But the actions of the US President at present seem to cause chaos in the world economy. Huge losses worldwide, European and Asian markets have suffered serious losses, but the US are even greater with Wall Street opening up with a… red ocean on the New York Stock Exchange on the worst day of New York Stock Exchange. And the main British stock market suffered its biggest daily losses for 5 years, closing 4.95%, levels that had not reached March 2020. Analysts estimate that about 3.8 trillion. dollars have been lost in the world money market by Donald Trump’s announcements […]
Source: News Beast
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