Trump puts Wall Street in check with his tariff policy and makes the US economy tremble

Chijioke Obinna

Trump puts Wall Street in check with his tariff policy and makes the US economy tremble

The economic policy promoted by the US administration of Donald Trump He has put on alert the American financial sector and the consumers of the country. The decision to apply tariffs to most foreign products, especially to matters such as steel, He has caused the economic contraction of the United States and the concern in the main stock market.

Wall Street has fired this week with the worst numbers that have been recorded since summer last year. Companies like Google have lost value in the stock market in recent hoursas a consequence of the uncertainty generated by Trump’s idea to impose tariffs. At the moment, this have only been done for Canada, with 25%, and for China, with 15%. Mexico was also going to be the victim of these rates, but after the conversation between the president of the Aztec country, Claudia Sheinbaum and Donald Trump himself, the tariffs have been paralyzed.

Technology companies are very dependent on the production of microchips and electronic components, products that are now manufactured mainly in countries like Chinaso the application of rates increases its price. To this we must add the rise in the price of American steel. The application of tariffs places the price of this matter at 2.27% more expensive. The climb is due to the fact that, with the application of steel tax rates from outside its borders, the demand for this product is maintained with the same production in the United States.

Justin Trudeau said that the objective of the United States was to start a “commercial war” with Canada. As a consequence, The Francophone country has responded with 25% tariffs on US articles. Besides, There have been several supermarket chains that have removed a wide variety of products from the United States as ‘punishment’. An image that has been mainly visible with a well -known whiskey brand of the state of Tennessee.

An instability that also worries consumers

The trust of American consumers has also been diminished as a consequence of Increased inflation since the beginning of 2025until it is 3% in March. To this we must add the meteoric climb of basic products, including eggs, as a result of the increase in cases of avian flu in the United States.

The situation with eggs generates even more concern Because they are the raw material necessary to make other productswhich would make the price of the latter also triggered. The price has experienced a 19% rise in the remainder of the month, and it is not expected to descend soon.

Chijioke Obinna

I've been passionate about storytelling and journalism since my early days growing up in Lagos. With a background in political science and years of experience in investigative reporting, I aim to bring nuanced perspectives to pressing global issues. Outside of writing, I enjoy exploring Nigeria’s vibrant cultural scene and mentoring young aspiring journalists.