Trump tariffs, global stock markets crash, trillions of dollars sink, oil prices at 5-year low, historic decline in Pakistan Stock Exchange

As a result of the tariffs imposed by US President Donald Trump, global stock markets crashed, trillions of dollars sank, oil prices fell to a 5-year low, the Pakistan Stock Exchange also saw a historic decline. In major stock markets, New York's Dow fell 2.9, Nasdaq 2.1, London 4.4, Paris 4.8, Frankfurt 4.1, Tokyo 7.8, Hong Kong 13.2, Shanghai 7.3 percent, crude oil fell 2 percent to $60.72 per barrel, the value of the dollar also decreased. Due to the stormy wave of decline in the Pakistan Stock Exchange, the 100 index fell by 3882 points, investors lost 474 billion rupees, Saudi stocks lost 500 billion riyals, while investors in India lost 2 million rupees. The global rating agency Moody's says that the threat of a global recession is looming. Trade is facing serious risks, JP Morgan has said that the tariff war and stock crash will increase inflation. However, US President Donald Trump has issued a message to Americans facing economic uncertainty after the tariffs, saying that you do not have to panic at all. On the other hand, US President Donald Trump has threatened China that if Beijing does not withdraw the retaliatory tariffs imposed on American products by tomorrow, he will impose another 50% tariff on Chinese imports.

 According to details, as a result of the tariffs imposed by US President Donald Trump, global stock markets crashed, trillions of dollars sank, oil prices fell to a 5-year low, a historic decline of 3882 points was also seen in the Pakistani market, more than 60 trillion of American investors sank in two days, in addition to Japan, Korea, Singapore, Saudi Arabia, Qatar, Kuwait, and other Middle Eastern markets also saw a decline. IMF Managing Director Kristalina Georgieva says that US tariffs are a threat to the global economy at a time of slow growth. The US President says that no agreement will be made with other countries until the trade deficit is resolved, some measures have to be taken to fix something. Talking to the media, he said that he did not deliberately create volatility in the stock market. The world has used America's previous foolish leadership badly, and tariffs are bringing billions of dollars to America. Donald Trump further said that he cannot say anything about the future of the stock market, that negotiations with China cannot take place without resolving the trade deficit, and that discussions have been held with leaders of European and Asian countries regarding tariffs. There was a sharp decline in the Pakistan Stock Exchange yesterday, due to which business was closed and outstanding deals were canceled.