BlockBeats News, April 6th, the United States announced the so-called "tit-for-tat tariff" policy, causing turbulence in the U.S. and global stock markets. Analysts at AJ Bell estimated that the global stock market has evaporated about $4.9 trillion in value. The Financial Times reported that the U.S. stock market has shrunk by $5.9 trillion in the past two days. U.S. President Trump recently retweeted a video posted by one of his supporters on social media, where the video begins by stating that the stock market crash was "intentional." Trump later tweeted calling on the American people to "hold on." On the 5th, Trump admitted that the tariff policy had caused global turmoil, but he urged the American people to "be patient." (Jinse)
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