The net value of US President Donald Trump’s property has decreased by $ 500 million since the introduction of new duties in the US (EUR 455.91 million). TASR reports on this based on the TASS report, which appealed to Forbes magazine on Tuesday.
On April 2, on the day Trump introduced his plan for extensive tariffs, Forbes estimated his net assets at $ 4.7 billion. Less than a week later, the estimate was reduced to $ 4.2 billion, as the value Trump’s publicly traded shares and private shares are declining together with the wider market.
The biggest loss was recorded by Trump’s most valuable asset, Trump Media and Technology Group. The assets that was $ 2.2 billion on Wednesday, April 2, is now approximately $ 2 billion, Forbes magazine said.
Trump announced on April 2 that the United States with effect from April 5 are introducing a 10 % blanket duties to import virtually all goods to the United States. In addition, it started to pay 25 % on imported cars in the US on April 3. On Wednesday, April 9, more duties are to come into force on many US trading partners. In the case of the European Union, Washington set them at 20 %.
