PANews reported on April 6 that according to Xinhua News Agency, the US announcement of the so-called "reciprocal tariff" policy has caused turbulence in US and global stock markets. Analysts at AJ Bell estimate that the value of global stock markets has evaporated by about $4.9 trillion. The Financial Times reported that the US stock market has shrunk by $5.9 trillion in the past two days.
US President Trump recently reposted a video posted by his supporters on social media. The video begins with "Trump is causing a stock market crash... but he does it on purpose." The video was originally posted by an Internet user in March, and Trump reposted it on the social media platform "Real Social" on April 4.
Trump admitted on April 5 that the tariff policy had caused global shock, but he urged the American people to "remain patient." Trump posted on the "real social" platform that day: "We have been foolish victims in the past, but not anymore. We are revitalizing jobs and businesses in an unprecedented way." He wrote: "This is an economic revolution, and we will win. Although it is not easy, we must hold on, and the final result will be historic."
