FLASH
Shkruar nga Pamfleti
Global markets have fallen sharply and the US dollar hit a six-month low following the tariff plan announced by Donald Trump.
Major stocks on US stock exchanges fell sharply. Apple suffered a 9% hit while Tesla fell more than 8%.
European markets were also shaken: Europe's benchmark index fell 2.57%. Germany's DAX index fell 3%, France's base index 3.31% - the biggest one-day drop since July 2023.
Italy's benchmark index fell 3.6%, its biggest one-day drop since March 2023.
The dollar fell nearly 2.2% against a basket of currencies, including the pound. The shock that global markets suffered after Trump announced his plan was similar to the blow they suffered from the Covid-19 pandemic.
But the US president said his tariff plan is going well.
Trump spoke briefly to reporters as he left the White House to head to Florida and said markets and stocks will rise and the US economy will boom.
“The markets are going to go up, the stocks are going to go up, the country is going to boom. And the rest of the world wants to see if there’s any way to make a deal. They’ve taken advantage of us for many, many years. For many years we’ve been on the wrong side and I think what’s going to happen is going to be incredible.”
Trump administration Commerce Secretary Howard Lutnick said the president will not back down from the tariffs in any way, while many countries have begun to take retaliatory measures.
Lutnick said that Trump should be allowed to run the global economy because he knows exactly what he is doing.
But the World Trade Organization has significantly lowered its forecasts for global trade because of the tariffs.
Instead of predicting a 3% increase in volume, a 1% contraction is now expected.
For American consumers themselves, the tariffs will mean additional costs. According to an analysis by The Budget Lab at Yale University, Trump's tariffs will cost the average American household about $2,100 a year.
Lower-income families face an additional $980 in annual costs.
The analysis estimates that Trump's various tariffs will increase the price of all leather products, including shoes, by 18%, clothing by 16%, electrical appliances by 10%, and fish and fresh produce by 4%.
Combined, Trump's tariffs will increase prices by about 2.3%, the report said.
Lini një Përgjigje