now let's talk to you a little bit more about the economy in the US why well because shares on Wall Street have slumped today led by the NASDAQ which plunged by as much as 4% at one point earlier the sell-off is driven by concerns about the impact of President Trump's trade policies on the US economy investors are worried that a trade War could push the economy into some sort of recession well speaking to Fox News on Sunday president Trump appeared not to rule that out I hate to predict things like that there is a period
of transition because what we're doing is very big we're bringing wealth back to America that's a big thing and there are always periods of it takes a little time it takes a little time and now we've got tariffs and the market has been going down um well not much I mean in offer it's not you you said look we're going to have a disruption but we're okay with that is that what you meant the stock market going down was the disruption what other disruption you alluding to look what I have to do is build a
strong country you can't really watch the stock market well our North America business correspondent Michelle flurry says Donald Trump seems to be making different decisions in his second term well I mean I think if you judge by past Behavior then yes the president has responded when markets have spoken but I think what they are taking away from that message and that interview is that that has changed that Donald Trump uh 2.0 if you like in the second presidency is looking past the markets and that is why we're seeing this selloff intensifying as the day has
progressed you mentioned the NASDAQ down over 4% Tesla one of the the big fallers of the day down more than 10% down more than 50% since its peak back in December the S&P 500 the broader index also down more than 2% today and part of this you have to understand is that for a long time Wall Street didn't believe Donald Trump would follow through on his threats of tariffs but just last week we saw those tariffs go into effect on Canada Mexico and China later this week we're expecting more tariffs on steel and aluminium products
and so Donald Trump is calling their Bluff and he's saying he's willing to tolerate as he's mentioned in the past in that speech before Congress a little disturbance and that has unnerved people wondering what exactly does that mean how much disturbance is this Administration willing to tolerate to achieve its broader Ambitions whether that's rebalancing trade whether that's deregulation whether that's following through on tax cuts uh that is the big unknown and is a big gamble that this Administration is taking well take a look at this the Dow Jones Is Down 2.6% the Wall Street is
heading for what some believe could be its worst day since 2022 this of course is we just outlined a moment or two ago really based on the Market's fears of recession the one thing that markets uh wherever you are be it in London New York or in Paris one thing they hate is in uh is uh not knowing what is going to happen next and that sense of insecurity really has had a huge impact on the markets and the NASDAQ I don't have that figure at the moment but at one point I mentioned earlier it
tanked by as much as 4.2% that of course is very heavy with Technology stock so all of the US markets are not really having a very good day at all
