Trump card sinks stock markets...Report By Khawar Ghumman
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00:00President Trump, who is our favorite president of the United States at the moment,
00:07since he took over the post of president, he has made the whole world worried.
00:16You know from the name Trump Tariff that when he put tariffs all over the world,
00:22and since then, there has been so much turmoil.
00:26When there was the first earthquake, Pakistan was a little safer than that.
00:31Pakistan's stock market is an interesting thing.
00:33On the first day, when the stock markets of the whole world plunged,
00:38Pakistan's stock market was better.
00:42But today, the bloodbath, the massacre,
00:45Pakistan's stock market has also been seen.
00:48After President Trump's decision, we will talk about this in the first part of the program.
00:55First of all, let's show you and tell you what the effects have been on the world after this Trump decision.
01:03You will remember when Trump put tariffs,
01:06the BBC did a story and in it, they quoted experts from the IMF.
01:15Their analysis was that the tariffs imposed on the global trade system,
01:24the trade war has started, it seems as if President Trump has hit an atom bomb.
01:31News is coming, you are seeing Bloomberg,
01:33Trump's tariff chart of death, consider it that it is a death chart, these tariffs.
01:40After that, you can see the story of New York Times,
01:44Global Stocks Plunge Extending Root Caused by Trump's Tariff.
01:49The stock of the whole world is sitting.
01:52New York Times is telling how the stock has fallen.
01:56Viewers, these are the Arab Heart Dollars,
02:00not money, which are the droppings of international companies.
02:04You can see, The Guardian has also covered this.
02:08President Trump is saying that sometimes you have to take strict medicine if the disease worsens.
02:15The effects of the Trump tariff are like Europe and Asia,
02:20Pakistan's stock exchange was also in a bad mood on the first day of the new week.
02:29After the start of the Pirco business,
02:31there was a historical shortage of 6,287 points in 100X,
02:36which caused the business to temporarily shut down.
02:41According to the Pakistani Stock Exchange, this is the biggest shortage in a day.
02:47After the break, the market recovered to some extent and at the end of the business hours,
02:53100X closed at 114,909.
02:59In total, the Pirco index has a record shortage of 3,882 points.
03:06Due to the Trump tariff, the global stock market is also in a bad mood.
03:11Japan's stock market is 7.8% in the index,
03:14Australia 4.2%, South Korea 5.6%, Shanghai 7.3%, Taiwan 9.7%.
03:23The US stock market has a record 6% decline.
03:28According to JP Morgan, the US and global economies have a 60% chance of recovery.
03:35The international oil market has a 13.5% shortage.
03:39According to international media,
03:42if President Trump and the new US government do not take this decision,
03:48the US economy will collapse and there will be a recession in the world.
03:55Businesses are already in a bad situation.
03:57The whole world is wondering if the business of life will move forward.
04:04Mr. Hassan Yousuf, let's listen to what Trump said.
04:19And unless we solve that problem, I'm not going to make a deal.
04:22They have to solve their surplus.
04:23We spoke to a lot of leaders, European, Asian, from all over the world,
04:28and treated so badly by other countries because we had stupid leadership that allowed this to happen.
04:35The problem is that Europe has made a fortune with us.
04:38Europe's treated us very badly.
04:39We put a big tariff on Europe.
04:41They want to talk, but there's no talk unless they pay us a lot of money on a yearly basis.
04:46What's going to happen with the market?
04:48I can't tell you.
04:48I don't want anything to go down.
04:50But sometimes you have to take medicine to fix something.
04:54Sometimes you have to take the medicine to fix things up.
05:47If you look at it from their own perspective, what's wrong with President Trump's decision?
05:50I think that's how he says, look at how much taxes are imposed in Europe.
05:55Are there that many taxes in America? No.
05:57So if a European product comes to America, it will pay less tax.
06:01And if a US product goes to Europe, it will pay more tax.
06:05So he says, keep the equality, keep the trade.
06:06He has put a very simple formula that the way you treat us, we will treat you the same way.