Trump Predicts "Boom" in US Economy and Markets Post-Tariff Reactions

Washington DC [ US On April 4 (ANI): Following the announcement reciprocal tariff s across the globe, US President Donald Trump emphasised that the US economy and stock market would see growth.

During his brief interaction with the press, Trump fielded a query about it. stock market eliminated the tariffs and stated, "I believe things are progressing quite smoothly," and also mentioned that the United States will "see an inflow of six or seven trillion dollars into our nation."

He added, "The markets will experience significant growth. The stocks will rise dramatically. The nation will thrive--and others around the globe want to know if there’s an opportunity for them to strike a deal. These countries have been taking advantage of us for decades."

Facing global condemnation, Trump labeled a state of national economic emergency and revealed tariffs of not less than 10 percent applicable to every nation, with some nations facing even greater rates, particularly 60 specific ones.

The implemented tariff scheme introduced significant charges for numerous nations, with rates such as 26 percent for India, 49 percent for Cambodia, 46 percent for Vietnam, 34 percent for China, a 24 percent duty on Japan, and 20 percent on the European Union. US The media reported, highlighting that over 180 countries and regions will be subject to tariffs.

On Thursday, CNN reported that US Stocks fell sharply during extended hours of trading following comments from PresidentDonaldTrump Donald Trump delivered remarks at the Rose Garden and unveiled sweeping tariffs. All eyes will now be on the Asian indices when they open for trading.

Dow futures tumbled 256 points, or 0.61%. S&P 500 futures slid 1.69%. Futures tied to the Nasdaq 100 fell 2.54%.

Shares had finished higher prior to Trump's tariff statement but started declining once he unveiled his administration’s strategy for implementing the new duties.

Exchange-traded funds that track the major stock indexes also tumbled in after-hours trading. An ETF tracking the Dow fell 1.1%, while an ETF tracking the S&P 500 slid 2.2%, and an ETF tracking the Nasdaq 100 slid 3%, CNN reported. (ANI)

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