Wall Street Market Falls Again Due to Trump's Tariff Surge

thecekodok


On Wednesday, Wall Street stocks fell after experiencing an encouraging increase yesterday.


Among the factors supporting the rise of all three major indexes was due to the tariffs of United States President (US), Donald Trump, which are increasing to the point of worrying many parties.


The S&P 500 index fell 0.17%, the Dow Jones decreased 0.38% while the Nasdaq focused on the technology industry declined 0.05%.


Next, the index's decline was also stimulated by the action of the Republic of China to order its airlines to stop receiving Boeing jets in response to the 145% tariff by the US.


This situation has caused the trade war between the US and China to continue without any good negotiations from both sides.


However, bank executives have warned that continued trade tariffs could affect US national spending.


Overall, Trump's tariffs have sparked concerns of a trade war that is destabilizing the economic market. US trade volume has fallen to $15 billion below the average of $19 billion.

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