The Trump Administration has faced significant scrutiny due to the trillions of dollars in losses experienced by global markets since “Liberation Day”.
Today, markets in Asia and Europe reacted sharply to the tariffs that took effect last week and are preparing for further tariffs in the coming days.
Today, Germany’s DAX opened 9% lower, Japan’s benchmark Nikkei closed down 7.9%, and Hong Kong’s Hang Seng Index finished at a record low, more than 13% lower – its worst single trading day since 1997. The ASX closed down 4.2%, while in China, the Shanghai Composite Index also closed 7.3% lower.
Today, President Trump stated, “Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place.”
The President told the media on Sunday, “I don’t want anything to go down, but sometimes you have to take medicine to fix something — and we have been treated so badly by other countries… sometimes you have to take medicine.”
Treasury Secretary Scott Bessent assured Americans that he did not expect a recession spurred by the tariffs. Commerce Secretary Howard Lutnick’s comment that tariffs “are definitely going to stay in place for days and weeks” has led to increased uncertainty, as investors remain paused in anticipation of further changes and turbulence.
Trump stated that since his tariff announcement, he has been in negotiation with world leaders: “I spoke to a lot of leaders… from all over the world. … I said ‘we’re not gonna have deficits with your country’ … to me a deficit is a loss. We’re gonna have surpluses or at worst we’re gonna be breaking even.”
Today, oil prices fell by 3%, dropping below $60 per barrel for the first time since 2021, while gold also declined by 3%.
By CEO NA Editorial Staff
