Trump's tariffs hit... Trump himself
World
The US President has already lost hundreds of millions of dollars due to the trade restrictions he imposed.
The new wave of import duties, initiated by US President Donald Trump, turned into a significant financial loss for him personally. According to Forbes magazine's calculations, Trump's wealth decreased by $500 million in a week - from $4.7 billion to $4.2 billion.
The main blow came to his company Trump Media and Technology Group, whose shares fell by 5% - costing Trump $170 million. He lost another 90 million on the decrease in the value of the property. Even his golf resorts suffered: equipment and uniforms for players are purchased abroad and fall under new tariffs.
The tariffs, which came into effect from the beginning of April, set a minimum rate of 10% for goods from most countries. This caused a wave of criticism and the threat of retaliatory measures from a number of states.
According to sources, now Trump's golf club clients have started reducing spending - the effect of "tightening belts," as they say in the USA, or "stretching legs," as they say in Uzbekistan, is having an impact.
The main blow came to his company Trump Media and Technology Group, whose shares fell by 5% - costing Trump $170 million. He lost another 90 million on the decrease in the value of the property. Even his golf resorts suffered: equipment and uniforms for players are purchased abroad and fall under new tariffs.
The tariffs, which came into effect from the beginning of April, set a minimum rate of 10% for goods from most countries. This caused a wave of criticism and the threat of retaliatory measures from a number of states.
According to sources, now Trump's golf club clients have started reducing spending - the effect of "tightening belts," as they say in the USA, or "stretching legs," as they say in Uzbekistan, is having an impact.
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