The American stock market fell after Trump did not rule out the possibility of recession in the United States

The statement by President Donald Trump, who did not exclude the departure of the US economy into a recession, caused a fall in the American stock market, Bloomberg and Reuters write. In an interview with Fox News on March 9, Trump was asked if he was expecting a recession of the American economy in 2025.

The US President did not directly answer this question. According to him, the American economy can wait for a “transition period”, as what the new administration does is “very large -scale”. The performance of Trump scared the stock market, agencies say. The NASDAQ 100 index fell by 3.8% according to the results of the trading on March 10, and the total capitalization of the shares of companies included in the NASDAQ 100 index decreased by more than one trillion dollars. One of the most serious losses was carried by Tesla, which fell 15.4% per day. NVIDIA fell into 5.1%. The rest of the largest companies (Alphabet, Amazon, Apple, Meta, Microsoft) have losses at about the same level or less .The Bell notes that the market is most concerned about the trading wars, the provoked decision of Trump to introduce duties on goods from Canada and Mexico, as well as increase them for China. According to the forecast of the Institute of the World Economy Peterson, which gives the publication, Trump’s duties for import will cost Americans an average of $ 1,200 a year in the form of additional expenses. Yale University predicts this indicator even higher – from $ 1,600 to 2000 a year. As reminds Reuters, Trump admitted on February 2 that the duties introduced by him to import foreign goods can cause “short -term pain” for Americans. In turn, the Minister of Trade, Howard Lyutnov denies that the United States is waiting for a recession. He believes that the prices of foreign goods in the United States will rise, but for American ones will decrease. At the beginning of March 2025, Trump introduced duties of 25% for the import of all goods from Canada and Mexico, as well as doubled duties for deliveries from China – from 10% to 20%. According to the White House, this will lead to additional revenues to the federal budget, which should help Trump carry out the tax reduction promised to them, and also give an impetus to American industry and eliminate unfair trade practices. Trump untied the tariff war. What will win (and what will lose) from the opposition of the United States? And how will the duties affect China, Canada and Mexico? (Tagstotranslate) News

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