Kathmandu. Us President Donald Trump’s tariff policy has created a stir around the world. Meanwhile, the impact of tariffs has also been seen in the US.
On the one hand, the US stock market has fallen drastically in the midst of the tariff war, and now its impact is also being seen in the US economy. Yes, for the first time in three years, the US economy has declined. In the March quarter, the US economic growth slowed by 0.3 percent.
During Wednesday’s trading, its impact was seen from The Dow Jones to Nasdaq. At the same time, the fear of recession has also deepened.
##inline_tags_PLACEHOLDER_7#impact of #ट्रम्पको tariff war#inline_tags_PLACEHOLDER_9##
In the quarter, the US economy (US GDP) suffered a major setback. The economy fell 0.3 percent amid a tariff war launched by President Trump. At the beginning of the fourth quarter of 2024, the U.S. economy grew at a rate of 2.4%. This is a major setback for the US amid a trade war triggered by reciprocal tariffs with the start of Trump’s second term. In this tariff war, the trade war between the two biggest economic powers, the US-China, is at its peak and has increased global uncertainty.
According to the New York Times report, the biggest reason for the decline in US GDP is the large increase in imports. It quoted experts as saying that in the midst of the tariff war, Us companies have imported large quantities and this has led to a decline in GDP figures. Meanwhile, an ADB report has indicated a slowdown in the economy.
के is it a sign of recession?#inline_tags_PLACEHOLDER_9##
In the midst of the Trump tariff war, most experts and economists were already predicting rising inflation and recession in the US, and the data on the US economy that has now come out has given it more confidence. According to estimates, us GDP growth is expected to be less than 2.5 percent in 2025. The reason for this is a sign of decline in exports and consumption and the first quarter has also seen a decline of 0.3 percent. In such a situation, discussions about the US recession have also intensified. A decline in GDP for two consecutive quarters in any country is considered a recession.
#inline_tags_PLACEHOLDER_7#Impact of #बजारमा GDP data#inline_tags_PLACEHOLDER_9#
The immediate impact of US GDP data was also seen during trading on the US stock market on Wednesday. The Dow Jones and Nasdaq were down nearly 2 per cent during trading. However, when the market closed, these indices appeared in recovery mode. Us stock markets have fallen sharply during the trading. The Dow Jones Industrial Average fell 438.44 points, while the Nasdaq dropped 362.50 points, or 2.08 percent. The S&P 500 index also declined nearly 85 points during the trade.
#inline_tags_PLACEHOLDER_7##राष्ट्रपति Donald Trump said?#inline_tags_PLACEHOLDER_9###
Us President Donald Trump on Wednesday urged Americans to be patient amid a slowdown in GDP growth in the first quarter. “These tariffs will eventually boost the U.S. economy,” he said, adding that it has nothing to do with tariffs, it will take some time and see a boom. – Agency
