The US market plunged by $450 billion in 7 minutes after Trump’s loud statement
15 October 08:50
On his Truth Social page, US President Donald Trump threatened not to buy vegetable oil from China but to produce it in the US. Trump’s statement led to the collapse of the US stock market, "Komersant Ukrainian" reports.
In particular, the head of the White House accused China of not buying American soybeans on purpose.
“I believe that China is deliberately not buying our soybeans and creating hardship for our soybean farmers, which is a hostile economic act,” he wrote.
Trump noted that in response, the US is considering ending cooperation with China in the production of vegetable oil and other elements of trade.
“We can easily produce vegetable oil ourselves, we don’t need to buy it from China,” the US president said.
According to media reports, after this statement by the head of the White House, the US stock market fell by $450 billion in 7 minutes.
In July, the US president threatened countries that support the BRICS policy with an additional 10% of duties. Trump said that the US would demand that “hostile countries” commit not to create a new BRICS currency or to refuse to support any other currency as an alternative to the “mighty dollar.”
