Global Stocks Plunge Amid Tariffs
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Business & Economics
Albertans frustrated with stock market losses: ‘It’s a manufactured situation’ | Globalnews.ca
71% Informative
Trillions have been lost from the global stock market since the U.S. Trump administration announced retaliatory tariffs on dozens of countries.
The Canadian dollar, Toronto Stock Exchange ( TSX ) and crude oil all finished lower on the day Monday , despite an earlier rally.
The top 500 companies in the United States have lost a year ’s worth of value in three trading days since the Donald Trump announcement.
But that hasn’t been the case, and Trump has described days of financial pain as necessary. “I don’t mind going through it because I see a beautiful picture at the end,” he said. The Republican president has remained defiant despite fears that he could be pushing the U.S. toward a recession, insisting that his tariffs are necessary for rebuilding domestic manufacturing and resetting trade relationships with other countries. —With files from The Associated Press .
VR Score
71
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66
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