Significant losses .. American stocks are closed to sharp declines

American stocks decreased sharply on Thursday, the day after US President Donald Trump imposed customs duties on the imports of the United States from all countries of the world, raising concerns about the American economy.
It was closed by 3.98 percent, while the NASDAC index fell by 5.97 percent, while the S & B 500 index fell 4.84 percent, incurring its largest loss since June 2020.

American stocks

In addition, the US President stressed Thursday that the stocks “will flourish” as well as the American economy, despite the sharp declines in global markets after announcing the imposition of customs duties on his country’s imports. Trump said in a statement to journalists while leaving the White House, heading to Florida in response to a question about the retreat of Wall Street and other stock exchanges, that “money markets will flourish,” and added: “The country will flourish.”