The American “Forbes” business magazine stated that the wealth of US President Donald Trump decreased by about $ 500 million due to the “mutual” fees imposed on imports.
Forbes confirmed that “Trump launched last week the first shots in a global trade war, which damaged people in various categories, including the same. At the moment he announced his plan on April 2, his wealth was estimated at 4.7 billion dollars and after less than a week he decreased to 4.2 billion dollars.”
As Forbes magazine indicates, the largest share of the loss of the wealth of the American President came from his company, “Trump Group for Media and Technology”.
Because of the decrease in the value of its shares by about 5% since last Thursday, Trump lost about $ 170 million.
In addition, the value of the US President’s real estate portfolio decreased to $ 570 million from 660 million dollars in the past. The losses also came from Trump’s assets related to the golf game, as many balls, clubs and shirts in professional stores come from abroad.
Trump signed an executive order last Wednesday to impose “reciprocity” fees on imports from other countries. The minimum fee will be 10%.
At the same time, most countries will face higher rates, which, as the American Trade Representative Office, explained, was calculated on the basis of the United States’ trade deficit with a specific country, so that there is a balance instead of deficit. The authorities in many countries promised to take revenge measures in response.
