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Trump's tariff tweet erased $1.36 trillion global stocks this week

Nabanita Dutta

News Editor

Donald Trump's tweet on Sunday has hit the equity market globally. He tweeted about boosting tariffs on Chinese goods further, and as a result, the volatile index increased by 50% 2 days. The 102 words tweet has erased $1.36 trillion from global stocks. Each word of that market shaking tweet has erased $13 billion off stocks. With the new US-China trade war, only time will tell the final impact on the global economy.