On April 6, the United States announced its so-called “reciprocal tariff” policy, which triggered turmoil in the U.S. and global stock markets. Analysts at AJ Bell estimate that about $4.9 trillion in global stock market value has evaporated. The Financial Times reported that the U.S. stock market has shrunk by $5.9 trillion in the past two days. U.S. President Trump recently shared a video posted by one of his supporters on social media, which begins by stating that the stock market crash is “intentional.” Subsequently, Trump posted a message urging the American people to “hang in there.” On the 5th, Trump acknowledged that the tariff policy has caused global turmoil, but he urged the American people to “be patient.” (Jin10)
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Trump responds to stock market crash: hints that he is "intentional", calls on the American people to "hang in there"
On April 6, the United States announced its so-called “reciprocal tariff” policy, which triggered turmoil in the U.S. and global stock markets. Analysts at AJ Bell estimate that about $4.9 trillion in global stock market value has evaporated. The Financial Times reported that the U.S. stock market has shrunk by $5.9 trillion in the past two days. U.S. President Trump recently shared a video posted by one of his supporters on social media, which begins by stating that the stock market crash is “intentional.” Subsequently, Trump posted a message urging the American people to “hang in there.” On the 5th, Trump acknowledged that the tariff policy has caused global turmoil, but he urged the American people to “be patient.” (Jin10)