U.S. Stock Market Plunges Due
To Tariffs And Recession Fears
March 10. 2025
Donald Trump
U.S. President Trump has doubled
down on levying tariffs against a number of nations
as a means of raising money for America. Trump
stated, "All I know is we're going to take in
hundreds of billions of dollars in tariffs, and
we're going to become so rich you're not going to
know where to spending all that money. I'm telling
you; you just watch. We're going to have jobs. We're
going to have open factories. It's going to be
great." However, this caused the U.S. stock market
to plunge today. Stocks fell by 3% in the worst day
of trading of the year thus far. When asked about
recession, President Trump stated it could occur and
as a, "Period of transition." Some are even
mentioning a depression.
Trump inherited Biden's bad economy.
However, he has to be very careful regarding the
moves he makes lest it continues. Other nations are
not just accepting the new tariffs. They are
fighting back with increased tariffs of their own.
This could wipe out profits from new tariffs America
takes in and place the United States at a
disadvantage in Trump's trade war. China and India
are far more self-sufficient than America. China has
the greatest advantage in this matter as the world's
number one producer of goods. Therefore, America has
far more to lose in a trade war.
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