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Showing posts with the label trump tariff

Goldman Sachs: Trump Tariffs Put US in 'Event-Driven' Bear Market

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The US stock market has gotten off to a shaky start in 2025. However, things took a turn for the worse with the arrival of US President Trump’s Liberation Day economic policy. Indeed, Goldman Sachs has recently said that the Trump tariff plan now puts the US in an ‘event-driven’ bear market. Wall Street rebounded notably to start Tuesday before things plummeted. Specifically, the Dow Jones Index erased 1,400 points gained after the Trump administration announced it would be placing 104% tariffs on China. With many expecting a trade war, experts are not optimistic about what this could mean for investment markets in the short term. Source: The New York Times Also Read: Analyst Explains When the US Stock Market Will Rebound Goldman Sachs Speaks on Trump Tariff-Driven Bear Market of 2025 There is no denying that the US stock market is in a concerning spot just three months into the year. Mega-cap stocks like Nvidia (NVDA) and Tesla (TSLA) had been declining and failed to ...

De-Dollarization: 3 Alternatives Replacing US Dollar Around The World

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The US dollar has become a very controversial currency to explore at the moment. With Donald Trump leaving no stone unturned to strengthen the US economy, his idea of imposing tariffs on nations is backfiring, sparking trade war narratives to gain momentum. With this development, the dollar is losing its credibility at a rapid pace, with countries busy scurrying for alternatives. Here are three able US dollar alternatives that have been gaining widespread momentum, detailing the US dollar authority on a global pedestal. Also Read: De-dollarization and the Digital Currency Battle: Why Gold-Backed Stablecoins Could Replace the USD 3 Leading US Dollar Contenders On The Rise 1. Cryptocurrencies Beating US Dollar Source: Watcher Guru The US dollar is now facing stiff competition as alternative assets like cryptocurrency are regularly gaining traction at a global pace. One of the prime examples of this is Russia’s increased usage of cryptocurrencies such as Bitcoin, Ethereum, and stable...