Former U.S. President Donald Trump tried to calm Americans after China announced a steep 84% tariff on U.S. goods. In response, the European Union also took action with its own set of trade penalties. These moves have added to global tensions and worries about an ongoing trade war.
Even though stock markets have been shaken and oil prices have dropped below $60 per barrel, Trump told the public not to worry. He encouraged people to “stay cool” and said he believed that things would turn out fine for the United States in the end.
The growing conflict over trade has made many investors and businesses nervous. With both China and the European Union pushing back against U.S. policies, concerns are rising about how these disputes might affect the economy worldwide. Despite the uncertainty, Trump remained optimistic, saying that the country is strong and can handle the pressure from other nations.
