TechFlow news, April 6 — According to a recent Forbes survey, support for Trump administration economic policies among Wall Street elites has sharply declined. 72% of top financial leaders consider Trump's economic plan ineffective, and 66% say they do not support his economic policies. Trump's tariff measures (rated 1.86/5) have triggered global market turmoil, leading to the largest single-day drop in US stocks since 2020, with the S&P 500 index falling 4.8%. Analysts warn these "reciprocal tariffs" will raise consumer prices, potentially reducing US GDP growth to below 2%, severely impacting the retail sector, especially the apparel industry. Investor confidence has been significantly weakened, and market buying has nearly disappeared.
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