The stock market declined with the growth of Trump’s trade war

Between the escalating trade war, the slowdown in the labor market and President Trump’s refusal to exclude an imminent stagnation, the stock market witnessed better days.

The S&P 500, which tracks the performance of the 500 companies in the United States, witnessed the worst day of Monday, CBS news I mentioned – decreased by 3.3 %, or 187 points. Dow Dow was not much better, as it decreased by 1100 points on Monday afternoon, before the evening, to a net loss of 2.1 %.

The slide followed Trump’s appearance on “Fox News” “Future on Sunday morning”, where he said that the recent red economic flags indicate a “transitional period.”

Trump said, “Look, we will be disturbed, but we are well,” Trump said.

He added: “What I must do is building a strong country.” “You cannot really see the stock market.”

On Tuesday, the shares slipped again after Trump said it would put an additional tariff on Canadian and aluminum steel imports as a result of revenge on Canada for an additional cost of 25 % on electricity exports to the United States, the Dow Jones industrial rate fell 437 points after Trump’s announcement, CNBC said.

China responded to the Trump tariff by placing a 15 % tariff on chicken, wheat and corn from the United States, as well as a 10 % tax on soybeans, pork, beef and fruits.

Treasury Secretary Scott Payette said that economic instability is the result of “removing toxins” from the Biden administration.

“There will be a natural amendment with the transition from public spending to private spending,” Pesin said on Friday at CNBC. “The market and the economy have become a drug addict and we are addicted to this government spending, and there will be a period of detoxification.”

Comments reflect “tolerance with pain by the administration in the pursuit of commercial goals that are not necessarily economic in nature,” said Ross Mayfield, Bird Investment Strategy, in CNBC.

“At this stage, I am still in the camp, we are not on the dysfunction, but perhaps slowing or intimidating growth, Mayfield told CNBC.