America's tariffs wreak havoc in the market, this country bows down to Trump and removes all taxes

US Trump Tariff News: US President Trump's announcement of imposing tariffs has led to a massive drop in markets across the world and has created chaos.

US Trump Tariff News:  US President Donald Trump announced the imposition of tariffs (import duties), which has created a stir in the whole world. His decision has affected the global economy. A major decline has been seen in the stock markets of many countries of the world including India. Zimbabwe has removed the tariffs imposed on American goods under pressure from Trump.

Canada's new Prime Minister Mark Carney has said that Trump's tariff policy can be harmful not only for Canada but also for America itself. Although Trump claims that this decision will make America richer, the condition of markets around the world and the statements of leaders seem to be contrary to this.

Big drop in stock markets

After Trump's announcement of tariffs, there has been chaos in the stock markets around the world. On Monday, Asian markets witnessed a huge decline. Japan's Nikkei 225 index fell by 6.3% and Hong Kong's Hang Seng fell by 10%. India's stock market also went down by about 5% as soon as it opened.

All major stock indexes in the US fell by more than 5% on Friday. The S&P 500 had its worst week since 2020. JP Morgan Bank has warned that due to these tariffs, the chances of recession in the US and world economy have increased to 60%.

Zimbabwe is busy pleasing Trump

Zimbabwe's President Emmerson Mnangagwa has removed the tariffs imposed on goods coming from America. People around the world are surprised by his decision. This is being seen as an attempt to build good relations with US President Trump, especially when Trump had imposed an 18% tariff on Zimbabwean goods.

Mnangagwa wrote on the social media platform X, "This move will increase imports from the US and help our country's exports reach the US." But some experts say that this decision will not bring any major economic benefit to Zimbabwe. Critic of government policies and journalist Hopewell Chin'ono said that all this is an attempt to please Trump.

Canada counterattacks

Canada's new Prime Minister Mark Carney has made a strong statement about Trump's tariff policy. Carney said, "These tariffs can affect jobs in Canada, but the real loss will be to America." He said that its signs have already started appearing in the financial markets, such as loss of jobs in America, rising inflation and the threat of recession. Giving the example of Brexit, he said, "I have seen this happen before. Even then the effect was seen gradually. Now the condition of America is also going to be the same."

Trump said this in the statement

US President Donald Trump, while talking to reporters on Air Force One late Sunday night, said that imposing tariffs (import duty) will bring back jobs and investments in America. Trump dismissed the criticism and said, "Sometimes you have to take medicine to cure something." His senior officials like Treasury Secretary Scott Bessant and Commerce Secretary Howard Lutnick also dismissed the fears of recession and justified the tariffs. But many big leaders of the world and the stock market are worried about this decision. From their reaction, it seems that this "medicine" of Trump is proving to be very bitter for the world.