Washington:
Is US recession coming in America? This apprehension has been continuously deepened due to trade war. This is just a discussion about this. Its impact is also being seen on the stock market. Today i.e. March 12 also saw pressure in global markets including America and Europe. President Donald Trump had not rejected the possibility of recession recently. But now suddenly their tone has changed. Trump has completely rejected the recession. Trump says that he is not seeing any fear of recession.
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US President Donald Trump on Tuesday assured investors that he could not see any risk of recession in the US. After his statement, the US stock market saw some speed and the investors got some help in recovering their previous losses. After Trump’s statement, the concern of investors has reduced to some extent, but despite this, many people are cautious about the market.
How is the condition of the US stock market?
Experts say that portfolio managers are taking precautions to manage uncertainty. These people are doing extra cash reserve and are rarely investing in high -cost shares. These people are bringing diversity in their portfolio to avoid the risks arising from Trump’s trade policy.
Banking and market expert Ajay Bagga told news agency NI that on Tuesday, Trump said in front of the media that he could not see any threat of recession in America. He said that the markets were somewhat convinced and on Tuesday, the market was seen at the time of closure.
Trump’s U turn over tariff threat
A statement issued by the White House said that India is imposing 150% tariffs on American liquor. Trump also believes in putting changing tariffs. At the same time, in the midst of the situation of the trade war, Trump withdrew the threat of imposing 50 percent tariff on Canada, taking a U turn. Trump announced on March 11 that he would double the tariffs on steel and aluminum coming from Canada to 50%. But in a few hours, Trump also took a U-turn. According to Reuters, its impact was also seen on the market.
