Source: Global Market Express
U.S. President Donald Trump posted on social media: "Stay calm! Everything will be resolved smoothly."
According to CCTV News, China announced its latest countermeasures tonight: an 84% tariff on all American imports.
Subsequently, the 27 EU member states voted to approve retaliatory measures imposing a 25% tariff on American imports in response to the steel and aluminum tariffs imposed by the Trump administration on March 12.
As Trump posted this message, U.S. stocks rose slightly, with both the S&P 500 index and the Nasdaq 100 index turning positive for the day.
Trump also emphasized that Jamie Dimon, CEO of JPMorgan Chase, appeared on Fox Business Channel on Wednesday morning, and he expressed appreciation for Dimon's ideas on resolving tariff and trade issues. In the same interview, Dimon predicted that an economic recession is a "possible outcome" of Trump's tariff measures, but Trump did not comment on this.
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