In response to growing concerns about the new US administration's tariff policy, US stocks have seen their market value fall by $4 trillion in the last month. A survey by the news outlet CGTN among global internet users showed that the public is extremely sceptical about the current US trade policy and fears its negative impact on the global economy.
According to the survey, 86.7 % respondents perceive President Donald Trump's statement that "we can't focus too much on stock market performance" as an effort to downplay the impact of tariff policy on US markets. Following the announcement of an increase in tariffs on Canadian steel and aluminium imports to 50 %, the situation in the markets has become even more heated.
A total of 86.1 % respondents said that erratic and escalating tariffs are destabilizing investors and have triggered a sharp sell-off in US technology stocks. Further, 86.8 % believe that the current slump reflects a deep decline in investor confidence in the U.S. economy, with growing fear of repercussions for global markets.
Goldman Sachs recently cut its forecast for US GDP growth in 2025 from 2.4 % to 1.7 %, the first reduction in more than two years.
According to a CGTN survey:
- 85.6 % respondents are concerned that an "America First" policy will slow the global recovery,
- 76.2 % sees the US market slump as a harbinger of a possible recession,
- 70.6 % believe that the current economic moves will damage not only the global order but also the US itself.
7,875 users took part in the survey, which was published on the five language versions of CGTN, over a 24-hour period.
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