Nike and Apple were among brands worst hit, but Trump maintained the US economy would ultimately “boom”. 

​Nike and Apple were among brands worst hit, but Trump maintained the US economy would ultimately “boom”.  

US stock indices plummeted following President Trump’s new tariffs, causing significant economic concern. Despite the market turmoil and criticism from various quarters, including former allies and economic experts, Trump and his administration remained optimistic about the long-term benefits of these trade tactics, projecting increased revenue, jobs, and foreign investment for the US.

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