U.S. | Federal Reserve warns Trump's tariff war will hit the country - video Dailymotion

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*U.S. tariffs trigger over $3 trillion stock market loss. *U.S. Pres. Trump's tariff plunges Argentine stock market and boosts country risk. teleSUR

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00:00The president of the United States, Donald Trump, has confronted the head of the Federal

00:04Reserve, Jerome Powell.

00:06The data of the agency in charge of the country's monetary policy contradict the tenet of the

00:10White House.

00:11This Friday, in a new act of interference, the U.S. president ordered the Fed to lower

00:16interest rates so as not to harm the economy, but the president of the organization does

00:21not share the criteria and warns that the head of state's tariff measures seriously

00:25complicate the country's outlook.

00:27Powell assured us since the announcement they are facing a very uncertain outlook with

00:31high risk of increased unemployment and inflation.

00:44And the losses caused by the tariffs implemented by the U.S. administration since last Tuesday

00:48amount to more than $3 trillion.

00:51These economic measures are already leaving their forced consequences on the stock market,

00:55which is the space where financial assets are bought and sold.

00:59According to calculations by financial portals in the country, Wall Street, the main financial

01:03block in the United States, has lost $9.6 trillion since Trump's inauguration.

01:08Likewise, the main stock market indexes reported falls.

01:11This is the case of the technological Nasdaq, with a total of more than 5,000 companies,

01:17which lost 5.97%.

01:19In this context, analysts warn that Trump's tariff war poses a significant risk to global

01:23economic growth.

01:33And in response to the increase in tariffs imposed by U.S. President Donald Trump, the

01:36Indian government has promised to act.

01:39When Indian Prime Minister Narendra Modi participated in the sixth summit of the Gulf of Bengal

01:44Initiative for Multisectoral, Technical and Economic Cooperation in Thailand, he proposed

01:49a 21-point action plan that addressed the various facets of cooperation among the bloc's

01:54members' nations.

01:56He also explained that in order to define the course of action and the opportunities

02:00that may arise from the new U.S. tax package, he is continuing to work with all industry

02:05stakeholders and domestic exporters while also reviewing the tariff situation with his

02:10economic team.

02:17While U.S. President Donald Trump deals a strong blow to the far-right government of

02:21Argentine President Javier Melendez, the tariff war sinks the Merval Index by almost 10%.

02:28The White House measure also had a significant impact on the certificates of Argentine companies

02:33known as ADR, some of which fell by up to 15%.

02:37The most affected are Banco Supervilla BBVA and Macro, which fell between 15 and 13.5%.

02:47In view of the situation, the country risk indicator prepared by the firm J.P. Morgan

02:52showed up in the South American nation to 925 points.

02:57The Merval Index, which measures the performance of Argentine shares and markets, fell up to

03:0210 points.

03:11And after participating in the American Patriots Gala in Florida, Argentine President Javier

03:16Melendez returned to Buenos Aires without a photo with his U.S. counterpart Donald Trump.

03:21The fact caused uneasiness in the government since the meeting with the U.S. President

03:26was one of the main objectives of this trip, as it would have served as a message of strength

03:31in the negotiations with the International Monetary Fund.

03:34President Melendez was awarded the Lion of Liberty award and gave a speech in which he

03:38defended the neoliberal system.

03:40The head of state also announced that Argentina will adapt its legislation to meet the requirements

03:44of the new tariff system promoted by President Trump's administration.

U.S. | Federal Reserve warns Trump's tariff war will hit the country

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