President Donald Trump Reciprocal tariffs Continue to cause global economic uncertainty.

At the end of Friday’s market, the Dow Jones industrial average fell 5.5%, the Nasdaq composite volume fell 5.8%, and the S&P 500 fell nearly 6%.

All in all, these three indexes see economic disasters since March 2020, when the economic disaster in March 19020 occupied the economic destruction of the 19020 pandemic.

The sharp decline reflects a plunge in global markets following the announcement of widespread mutual tariffs on nearly all trading partners on Wednesday. This includes the 10% tariff imposed on most partners and up to 50% for specific tariffs in over 60 countries.

Al Jazeera’s Kristen Salomey said in a report on the New York Stock Exchange that Friday’s rolling round also occurred in China’s announcement 34% tariff Regarding American goods, the most important revenge so far.

“It all sparks fear of a global trade war and a possible global recession, and that’s what we see in the market today,” she said.

Trump remained provocative when he competed in the Liv Golf Championships in Florida after spending the night at Mar-A-Lago estate.

“For many investors who have entered the U.S. and invested a lot of money, my policy will never change,” he wrote on the Truth Social Platform he owns.

He also praised a new report showing that the U.S. added 228,000 jobs in March, exceeding expectations. However, the report covers some time before the new tariffs.

“Strong.” “We won’t lose!”

The comparison of Trump’s participation in leisure activities has not been lost among his critics, with Senate Democrat Chuck Schumer saying the president is in a “billionaire bubble.”

“I saw Donald Trump playing golf there when the American people were trying to put food on the table,” said Democratic Senator Ben Ray Lujan.

Meanwhile, some Republicans continued Trump’s defense, with Republican Senator John Barrasso using Trump as a “dealer” that they would “dividing the country by country.”

Warnings about inflation, unemployment

The grim days on Wall Street come as Fed Chairman Jerome Powell predicts higher inflation and unemployment rates after Trump’s “bigger than expected” tariff plan.

“We are facing a highly uncertain prospect, with increasing unemployment and higher inflation.”

Powell also hopes the Fed can act quickly to mitigate the consequences. This includes Trump’s appeal, which Trump wrote in his Truth Society narrative, would be the “perfect time” to lower interest rates.

Powell said it was too early to confirm the central bank’s response.

at the same time, International response Tariffs continue to join.

EU Trade Commissioner Maros Sefcovic said he told U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer that the group’s 20% tariffs were “harmful” and “unreasonable”.

He added: “EU/U.S. trade relations require a new approach. The EU is committed to meaningful negotiations but is also ready to defend our interests. We stay in touch.”

The UN also weighs Trump’s policy, which has Disproportionately affected Poor countries in Africa and Southeast Asia rely heavily on tariffs on imports to generate government revenue.

Countries such as Lesotho, Madagascar and Laos face some of the highest tariffs from the Trump administration, which calculate each rate by “accusing” of U.S. exporters at half of prices.

The trade turmoil under tariffs “has hurt the weak and the poor”, Rebeca Grynspan, UN Secretary-General for Trade and Development, said in a statement.

“Trade cannot be another source of instability. It should serve development and global growth,” she said.