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As Global Markets Melt, Donald Trump Declares ‘No Inflation’, Says World Abused ‘Good OL’ USA’
US President Donald Trump on Monday declared that there is “NO INFLATION” even as global markets tumbled, with several stock indices recording their steepest declines in over a decade. Donald Trump’s statement makes it clear that he will double down on keeping retaliatory tariffs on goods coming into the United States. About a week after these tariffs were announced, and after global markets took a hit on Monday, Trump listed the prices that have fallen, including oil and interest rates.
On the social platform Truth, Trump asserted: “Oil prices are down, interest rates are down (the slow‑moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long‑time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place.”
“This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its Tariffs by 34%, on top of its long-term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate. They’ve made enough, for decades, taking advantage of the Good OL’ USA! Our past “leaders” are to blame for allowing this, and so much else, to happen to our Country. MAKE AMERICA GREAT AGAIN!,” Donald Trump said.
Sensex Records Sharpest Fall in Ten Months
India’s benchmark Sensex sank 2,226.79 points, or 2.95 per cent, to 73,137.90 on Monday, marking its steepest single‑day decline in ten months and its third consecutive session of losses. Intra‑day, the index tumbled as much as 5.22 per cent to 71,425.01.
The NSE Nifty 50 fell 742.85 points, or 3.24 per cent, to 22,161.60, after plunging 5.06 per cent to 21,743.65 at its lowest.
Global Equities In Freefall
Across Asia, Hong Kong’s Hang Seng index collapsed more than 13 per cent, Tokyo’s Nikkei 225 plunged nearly 8 per cent, Shanghai’s SSE Composite dropped over 7 per cent and South Korea’s Kospi sank over 5 per cent.
European markets also suffered heavy losses, trading down as much as 6 per cent.
On Wall Street on Friday, the S&P 500 fell 5.97 per cent, the Nasdaq Composite slumped 5.82 per cent and the Dow Jones Industrial Average tumbled 5.50 per cent.
