In a recent Fox News interview, Donald Trump refused to rule out the possibility of a recession, sparking fears on Wall Street and causing a significant drop in the stock market. The Dow Jones Industrial Average closed with a loss of 890 points, and the Nasdaq experienced its biggest single-day percentage drop since September 2022. Trump’s tariff war with Canada, Mexico, and China has caused panic among investors, with Asian markets also feeling the impact.
The president’s erratic maneuvers and comments in the interview have raised concerns about the US economy potentially heading towards a recession. Trump also pledged to buy a Tesla in support of his ally Elon Musk, who faced significant losses and a cyberattack. Additionally, Trump warned of further immigration crackdowns, following the arrest of a Palestinian activist at Columbia University.
Meanwhile, Secretary of State Marco Rubio indicated that there is no military solution to the war in Ukraine and that concessions may need to be made to halt the conflict. The London stock market fell amid fears of a US recession, reflecting the global economic uncertainty caused by Trump’s policies.
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