TRUMP SLUMP

U.S. Economic Growth Stalls as Trump Imposes More Tariffs

The U.S. economy suffered its worst day of the year, according to analysts.

Investors are increasingly concerned about the U.S. economy, as statistics show continuing high inflation and a slowing economy, reported CNBC. Stocks hit new lows Friday as the Dow Jones Industrial Average dropped over 700 points, the S&P 500 plunged by 1.7 percent, and the Nasdaq Composite fell 2 percent. Walmart shares also dropped 2.5 percent. CNBC reported that it was the worst day for the U.S. economy since President Donald Trump took office in January, with stockholders growing wary of rising tariffs and seemingly arbitrary policy changes. The economic data has pushed some investors into buying bonds, making yields fall. According to a consumer survey conducted by the University of Michigan, people are also worried about inflation. The survey found consumer sentiment fell 10 percent, with buyers showing concern as home sales fell by more than expected in January. A five-year inflation forecast also put inflation percentages at 3.5 percent, the highest since 1995. Investors are reportedly choosing “safer” options for their money, such as consumer staples, health care, and utilities, as the economy slows. The Daily Beast has reached out to the Trump administration for comment.