In the aftermath of President Trump’s global tariffs announcement, China retaliated with 34 percent tariffs on American goods, causing financial markets to plunge. Amid fears of a damaging trade war, the World Trade Organization warned against a cycle of retaliatory measures, while the Federal Reserve chair expressed concerns over higher inflation and slower growth. Despite the chaos, Trump remained defiant, touting his policies as effective and accusing China of playing it wrong, while global leaders criticized his approach as potentially weakening the global economy and causing price increases.
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Is Trump Media Stock a Buy After Dropping Over 50% From Its 52-Week High?
Trump Media & Technology Group (NASDAQ: DJT) is significantly influenced by President Donald Trump's actions, particularly his popularity and tariff policies affecting the broader market. Following a surge to a 52-week high of $54.68 just before the presidential election, the company's share price has plummeted due to economic uncertainty and inflation, now sitting at less than half its previous value. This raises questions about whether Trump Media shares are now a buy or if there...
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