Trump’s tariff, Larry Samarz warns “a shock -like shock,” lowering 30 trillion dollars from the economy while the markets – Apple: AAPL) declined

The former treasury minister Larry Samarz He said on Thursday this president Donald TrumpDefinitions will cause “a trauma -like shock” to the economy, simultaneously increasing prices and unemployment while reducing productive capacity.

What happened: summer He said Bloomberg TV that the definitions should be considered a “shock of supply”, similar to “height or an earthquake in the price of oil or drought”, with great economic consequences.

Possible economic losses, according to the summer, may reach 30 trillion dollars, or more than 300,000 dollars significantly for the four -person family.

The “mutual” duties, which enter into force on April 9, are half of what Trump says trading partners against American goods. Countries with the largest heights of duty include Lanka (44 %), Vietnam (46 %) and China (34 %).

See also: Tesla Brand will not suffer from “Ghariba” to Elon Musk, although Miss Delivery, a decrease of 8 % in shares trading after working hours

What happenedThe world markets quickly responded to what Trump referred to as “our declaration of economic independence” and “liberation day”. Dow Jones Industrial Mediterranean Futures decreased by about 830 points, with future futures in the United States.

The “wonderful seven” technology shares of tampering, which faces the loss of market value combined at a value of $ 685 billion. Apple Inc. Aapl LED decrease, 7.14 % decrease.

Samarz cited the previous analysis, which shows nearly “the dollar against the dollar” on consumer prices from the first Trump tariff. He said: “The near effect will be to enhance prices, with effects and then ripples to include less labor and reduce investment.” “This is a classic show shock that puts the federal reserve in a very difficult situation.”

The conviction of the scale as “typical mono bullying” has threatened China to take revenge measures. Nikkei 225 in Japan fell by 2.95 % on Thursday with the decrease in Asian markets.

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