Trump's tariff break: Stock markets fluctuate, US economy under pressure!

The stock markets stabilized during Holy Week, despite Donald Trump's unsteady behavior. While the US stock markets are suffering from the pressure of poor economic forecasts, the European markets are proving robust. According to a report by the Frankfurter Allgemeine Zeitung The Dow Jones and Nasdaq fell more than 20 percent since their record in February. In contrast, the Dax rose by four percent to 21,205 points, while the M-Dax rose by over five percent.

US Federal Reserve Chairman Jerome Powell was critical of the economic outlook and ruled out market support. This led to a crash on Wall Street, like that World reported. The major US banks such as Goldman Sachs, Bank of America and Citigroup, on the other hand, reported higher profits from booming stock trading.

US markets and international reactions

Trump's recent announcement of a tariff break for many countries, but not for China, has further fueled the tariff dispute between the US and China. Trump criticized Jerome Powell as "too late and wrong" and called for interest rate cuts while dismissing Powell's concerns about the economic situation. The dollar has stabilized while the euro remains at $1.14. At the same time, the yield on ten-year US government bonds increased to 4.3 percent, while federal bonds reached 2.5 percent.

The negative impact of trade tensions is being highlighted by both US analysts and international institutions such as the International Monetary Fund, whose head Kristalina Georgieva warns of low growth and inflation but does not predict a recession. While Trump continues to encourage his supporters with comparisons to historical figures such as Persian King Cyrus, market stability remains uncertain.