At the beginning of the Trump administration, a series of tariff policies were introduced intensively, leading to a decline in business and Consumer confidence. Concerns about a 'Trump recession' significantly dragged down the stock market in the USA. According to a report by the USA Consumer News and Business Channel on March 14, in the past three weeks, the Market Cap of the 'Magnificent 7' in the USA has evaporated by 2.7 trillion dollars. Economists and market participants in the USA are worried that under the Trump administration's escalating 'tariff chaos,' the USA economy may experience a 'recession' or even 'stagflation.' (CCTV News)
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过去三周美股科技七巨头市值蒸发2.7万亿美元
In the past three weeks, the Market Cap of the Magnificent 7 in the USA has evaporated by 2.7 trillion dollars.
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