# US president Donald Trump insists that his global tariffs package will boost the economy. All three major US stock markets closed down on Thursday, their worst day since June 2020. The tech-heavy Nasdaq fell six-percent, while the S&P 500 and the Dow dropped 4.8-percent and 3.9-percent respectively. The global markets also fell sharply. Trump says the reaction of the markets is to be expected, but is confident that they will bounce back fast:
Global markets in turmoil amid Trump tariffs [SOUND]
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