June 8, 2025
Sydney 29

From ‘no inflation’ to ‘don’t be a Panican’, Trump defends tariffs on social media amid market turmoil

The “Wall Street mayhem” also led to a “Trump meltdown” on Monday after the US President justified “the tough days ahead” by reiterating his belief in the shock therapy through back-to-back social media posts.At 6:49 am on Monday, Trump took to his Truth Social and declared that there is “no inflation” in the US, despite […]

US tariffs wipe out $9 trillion in global markets; Trump says will ‘supercharge economy’

Global markets were rattled on Friday as US President Donald Trump’s aggressive tariff war triggered a massive sell-off, erasing more than $9 trillion in market capitalisation since his second-term inauguration on January 20. The Wall Street meltdown, the worst since the Covid -19 pandemic, sent shockwaves across global financial centres. The S&P 500 plunged nearly […]