Donald Trump Reckless: US President Risks Global Economic Collapse

Donald Trump Reckless: US President Risks Global Economic Collapse fka/sfx/news.de/dpa • 1 hour • 2 minutes reading time Donald Trump is risking a global economic collapse. "America First" is Donald Trump's motto. The US President promised his voters that he would lead the United States into a golden age. To achieve this goal, the Republican sometimes acts recklessly. Even allies are not safe from Donald Trump's plans. The most recent example: the additional tariffs planned by the US President. Donald Trump Reckless - US President Plans Additional Tariffs for All Countries According to President Donald Trump, no country will be spared from the US's planned reciprocal tariffs. "You would start with all countries," he said during a flight on the presidential aircraft, Air Force One. "We would talk about all countries." Donald Trump Risks Global Economic Collapse But with his reckless approach, Donald Trump is risking a global economic collapse. The first effects of his threats are already visible on the stock markets (especially in Asia). The Nikkei 225, Japan's benchmark index, recently fell by around 4 percent. The Hang Seng Index of the Hong Kong Special Administrative Region recently fell by 1.7 percent, and the CSI 300 Index, which includes the most important mainland Chinese stocks, fell by around 1 percent. Donald Trump's tariff frenzy could trigger a global stock market crash But British stock prices also plummeted on Monday (March 31), according to the Daily Mail. This is a clear sign of panic on the stock markets and fears that the trade war sparked by Donald Trump could trigger a recession. The British government is said to be already considering retaliatory measures in the form of additional tariffs on US goods such as Jack Daniel's whiskey, Harley-Davidson motorcycles, and Levi's jeans. Donald Trump plans to announce a major tariff package next Wednesday, declaring the date "Liberation Day" for the United States.