On March 4, U.S. President Donald Trump promised Congress the “greatest economy in history.” However, investors seem to disagree, as their doubts have triggered a market plunge so steep that analysts are calling it a “rout.”
Losses on Monday, March 10, alone exceeded the annual GDP of France. Stock markets continued to sink on Tuesday amid fears that the President’s trade war could lead to a global recession.
Despite admitting that his economic plan may inflict pain on Americans, Trump is doubling down on some tariffs. This has heightened concerns among investors and the global community.
The impact of these tariffs isn’t limited to the United States. Many countries in the Global South depend on trade with the U.S., and escalating trade tensions could affect economies worldwide. Young people, especially in developing countries, may face increased challenges finding jobs and sustaining local businesses.
As the situation unfolds, many are watching closely to see how these policies will shape the global economy and affect young people around the world.
