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Trump effect: US stock indices soared, unemployment plummeted | Israel Today

2019-12-18T22:02:01.015Z


Since President Donald Trump entered the White House, 50% increases in leading indices • "New Record in the Markets" Economy


Since the president's entry into the White House, the top indices have risen 50% • At that time Japan's leading index surged 44%, Hong Kong 20% ​​and the UK only 6% • "New Record in Markets"

  • Stock exchange leaps // Photo: IP

Fulfilled his promise: US markets have been falling since Donald Trump's election to the US president for about three years.

The Dow Jones Index has crossed 28,300 points, completing a dramatic increase of 10,000 points since Trump's November 8, 2016 victory. 500 public companies in the US and around the world have risen 46% since Trump defeated Hillary Clinton.

These are high rates compared to other developed countries. By comparison, the Japanese Nike Index rose 44% at that time, Hong Kong's Hong Kong by 20% and the British FTSE by 6%.

More on:

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The ambition: to sign a final agreement before the US elections

"A new record in the markets," Trump tweeted in his Twitter account following the impressive numbers. "We'll never be too tired to win - and I'll never be bored to say it again and again."

The rise in indices is attributed to a series of economic promises Trump has made, including tax cuts, cutting and simplifying regulation and lowering corporate taxes. Thanks to these measures, the US economy is experiencing a decline in unemployment, a record number of employees and an increase in average hourly wages.

Recently, Trump has also made international achievements in the face of revolutionary trade agreements with Canada, Mexico and Japan, as well as a first step towards ending the trade war with China. "2020 is going to be very, very strong," said Larry Cadlow, Trump's economic adviser. Cadello said the various trade agreements could generate at least 350,000 new jobs a year and increase US GDP by 0.5% next year.

"It will be a year of high growth. We are going to export $ 200 billion to China alone, doubling US exports. There has been no such thing in the past."

The Trump administration is now marking the following target: Britain, following Boris Johnson's election victory, which ensures that the British complete the barracks and leave the EU.

Source: israelhayom

All news articles on 2019-12-18

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