Trump’s tariff self -sacrifice; The President’s net wealth dropped half a billion dollars!
reports Mehr News Agency The majority of the Washington partners, the Forbes Magazine, reported that US President Donald Trump’s net wealth has fallen by half a billion dollars in less than a week after the tariffs!
Trump launched a major trade war last week by announcing and applying a wide range of new tariffs against imports of dozens of countries, including 2 % toll on Chinese goods. Beijing imposed a 5 % tariff on US imports in a retaliatory move, prompting Trump to raise tariffs against China to 5 %!
Worry and fear of exacerbating this trade war have shook financial markets around the world and, according to Bloomberg, lost about $ 2 billion to the world exchange by Monday.
In the wake of the war, Forbes wrote in a report that “the net value of Trump’s assets fell in less than a week, from about $ 1.5 billion to $ 1.5 billion because his public stock and personal assets in sync with markets.”
The magazine has provided accurate evaluation based on the sum of Trump’s traded stocks in the markets as well as the estimated value of private companies belonging to him. According to Forbes, the value of Trump’s media and technology group, which is his most valuable asset, has lost about $ 5 million to the US president by eight percent.
The value of his immovable assets also decreased by about $ 1 to $ 5 million due to the fall of other real estate companies after Trump’s “Freedom Day” tariffs.
Golf Trump clubs are likely to lose about $ 5 million. The value of his assets in the hotel industry has probably fallen as much as $ 5 million, and his small businesses have suffered $ 5 million.
Forbers Trump’s estimate is likely to lose tens of millions of dollars in Ramsar. According to the magazine, the biggest threat to Trump’s personal assets is the loss of investors’ trust from his tariffs.
