Markets in Freefall: Trump Doubles Down on Trade War as Global Economy Trembles
Video Credit: Oneindia - Duration: 03:01s - Published
Markets in Freefall: Trump Doubles Down on Trade War as Global Economy Trembles
Global financial markets are in freefall after the U.S. administration’s sweeping tariff announcement sparked a chain reaction of panic selling.
Wall Street witnessed a historic two-day bloodbath, erasing $6.6 trillion in market value.
China responded swiftly with a 34% retaliatory tariff, triggering a 10% crash in its own markets—the worst since 2008.
Asia-Pacific markets nosedived, with Japan’s Nikkei plunging nearly 9% and Vietnam suffering significant declines under a 46% U.S. tariff.
Europe wasn’t spared either, as the STOXX 600 and major regional indices tumbled across the board.
#GlobalCrash #WallStreet #TariffWar #ChinaTariffs #TrumpEconomy #RecessionFears #StockMarketPlunge
#USChina #TradeWar #Nikkei #DowJones #EconomicCrisis #GlobalMarkets #MarketMeltdown #TariffCrisis
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President Donald Trump was visibly irritated during a press event after being asked about Wall Street’s trending term “TACO Trade” — short for “Trump Always Chickens Out.” The phrase, used by investors to suggest that Trump backs down under market pressure, triggered a fiery exchange. “That’s a nasty question,” Trump told the reporter, firmly denying that he ever backs off. He doubled down on his tough stance on tariffs, especially against China, but the viral moment is now fueling fresh debate over whether the president folds when financial pressure mounts.
#Trump #TACOTrade #TrumpNews #WallStreet #Tariffs #TradeWar #Politics #TrumpPressConference #TrumpVsChina #BreakingNews #WhiteHouse #TrumpReaction #FinanceNews #MarketWatch #ViralMoment
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President Trump pushed back after being mocked on Wall Street with the nickname "TACO trade"—short for "Trump Always Chickens Out"—a dig at his inconsistent tariff strategies. During a press exchange on May 28, Trump defended delaying steep tariffs on China and the EU, calling the jab unfair. The term has gained traction among analysts critical of his tariff flip-flops, citing economic uncertainty for markets and businesses. Despite the criticism, Trump maintains that his decisions are strategic, aimed at securing better deals while avoiding unnecessary economic damage.
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President Ferdinand Marcos Jr. and U.S. Secretary of State Marco Rubio have boldly reaffirmed the “ironclad” U.S.-Philippines alliance amid rising tensions in the South China Sea. With China aggressively expanding its military presence, this strategic partnership sends a clear message of deterrence and defense. Ahead of Marcos’ first summit with President Donald Trump, both leaders vow to strengthen economic ties and maintain freedom of navigation in a region on edge. Is this the beginning of a new frontline against China’s ambitions? Watch now to understand the high-stakes geopolitical showdown unfolding in Asia-Pacific.
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Russian Foreign Minister Sergey Lavrov, attending the SCO summit in China, strongly criticized the United States and NATO for their growing involvement in the Indo-Pacific region. Lavrov argued that NATO allies seek to expand their influence into the Far East, undermining regional stability. In contrast, Russia, China, and like-minded nations advocate for an “open and free security architecture” for East Asia. His remarks highlight deepening Moscow-Beijing cooperation against Western strategic ambitions in the Asia-Pacific.
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Japan is set to export six Abukuma-class destroyer escorts to the Philippines in a landmark move aimed at countering China’s growing aggression in the South China Sea. The aging destroyers, in service for over 30 years, will significantly boost the Philippines’ naval capabilities, which currently lack such firepower. Defense ministers from both nations agreed to the deal in Singapore last month. Tokyo will frame the upgrades as a joint development project to bypass Japan’s pacifist export rules. The Philippines will inspect the ships this summer. This strategic partnership comes amid intensifying maritime tensions, as both Tokyo and Manila face growing challenges from Beijing’s territorial claims. The deal marks a new chapter in Asia-Pacific military realignment and is expected to draw a sharp response from China.
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An explosion at Japan’s Kadena Air Base in Okinawa injured four Japanese Self-Defense Force (SDF) personnel during WWII ordnance disposal on Monday. The blast occurred inside the U.S.-controlled base, though no American personnel were hurt. The injuries are not life-threatening. Japan’s 15th Brigade was handling unexploded ammunition at the time. Authorities have urged the public to avoid the area as investigations continue. Kadena, the largest U.S. airbase in the Asia-Pacific, plays a key strategic role near Taiwan.
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