U.S. Stock futures fell once more on Sunday night. after the Markets experienced heavy losses throughout the week. following President Donald Trump ’s tariffs announcement.
The Dow Jones Industrial Average Futures were trading 4.1%, equivalent to 1,531 points, lower on Sunday evening; concurrently, S&P 500 futures declined by 4.6%, and Nasdaq 100 futures decreased by 5.3%.
During early trade in Japan, the Nikkei 225 fell by approximately 8 percent.
When this information came to light, Trump issued a declaration via his social media channel affirming that he was committed to implementing his policies, even though they were causing market unrest and posing risks to the international monetary system.
He penned: "We're grappling with substantial financial deficits due to China , the European Union , among numerous others. This issue can only be resolved through TARIFS, which are currently generating tens of billions of dollars for the U.S.A. These tariffs have been implemented and they present quite a remarkable outcome. During President Snooze Joe Biden’s tenure, our trade surplus with these nations has expanded. However, we intend to turn this around swiftly. One day, folks may come to understand that tariffs serve as an exceptionally beneficial tool for the United States of America!
The stocks were anticipated to start off lower on Monday.
The crisis began on Wednesday when Trump unveiled a wide-ranging plan to impose a range of tariffs In many nations around the globe, he referred to this day as "Freedom Day." Although the declaration had been widely forecasted, the specifics proved even harsher than predicted, causing markets to nosedive and leading to reciprocal tariffs from China. Details regarding these measures sent shockwaves through global economics. what method was used by the U.S. to determine these tariffs? weakened trust in the policy.
During Sunday's political programs, ministers from the cabinet found it difficult to delineate a clear plan for the government’s financial strategies , but maintained that regular Americans wouldn’t experience any significant “impact.”
As he returned from golfing in Florida aboard Air Force One on Sunday night, speaking with journalists en route to Washington, D.C., Trump mentioned that several global leaders had contacted him, expressing considerable interest during conversations regarding his recent tariff policies. Additionally, he noted that prominent technology executives had reassured him, saying they did not hold him responsible.
Nevertheless, he refused to identify precisely whom he had conversed with, mentioning that he was unsure if their discussions were confidential or not.
I talked to many people from Europe, Asia, and around the globe. They're eager to strike a deal. However, I told them we won’t run up deficits with their countries. For me, a deficit represents a loss.
I can't predict what will occur with the markets. However, our nation is considerably more robust.
He stated, "They are approaching the discussion. They wish to converse, however, negotiations won’t happen without them paying us substantial sums annually."
He objected when asked if discussions with foreign nations amounted to "negotiations." Addressing the reporter who posed the query, he remarked, "Next question, please. She asks too many questions."
When asked whether he intentionally caused market disruptions, following his post on the Truth Social platform implying this was a planned move as part of his economic plan to devalue the dollar, he responded: "Not exactly. However, I do aim to address our deficits with China, the European Union, and other countries."
When asked about whether he had a limit in mind regarding how far he wanted the stock market to fall, he responded: "I believe your question is rather foolish. My aim isn't for anything to decline. However, occasionally one must take medication to address an issue."
The stock market finished trading on Friday with the The Dow Jones dropped by 2,231 points. as well as the S&P 500 declining by 6 percent in reaction to Trump’s tariff plan.
The past week has been the most challenging for the stock market since 2020. The cumulative loss across all markets over the last couple of days amounts to an unprecedented $6.4 trillion, as reported. Wall Street Journal .
While aboard Air Force One, Trump stated that he didn’t expect inflation to be a concern.
Consider this: I generated trillions of dollars over those four years. It’s nothing new for me. Specifically, I brought in hundreds of billions from China alone, along with significant amounts from several other nations. But notably, China stood out as things were just beginning and we didn’t face any inflation. The issue wasn’t with us; it was Biden who struggled most with inflation. In fact, he experienced the highest levels of inflation ever recorded in our nation’s history. Meanwhile, under my watch, there was virtually no inflation.
We once had an ideal nation. There were never any wars. I brought peace by ending them all. I even triumphed over ISIS. Things were going well until this nincompoop arrived on the scene. As people often refer to such individuals nowadays, he truly fit the description of a nincompoop. Once he took charge, negative events began plaguing our country.
Once more, he stood up for the strict tariff plan. "This situation isn't viable. The U.S. cannot keep losing $1.9 trillion through trade. It’s impossible for us to pour lots of funds into NATO to safeguard European countries while simultaneously covering their defense needs and still ending up at a loss from our trades."
"It’s all madness, and I won the election based on this platform. We laid out our explanation. The public gets it far more clearly than what you see in the media, although some parts of the media do comprehend it, and many accurately report on it.”
On Saturday, thousands upon thousands of individuals throughout the USA — and across the globe — marched in protest against Trump and Elon Musk’s policies regarding issues like DOGE reductions, tariffs, immigration, and freedom of expression.
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