10:57 - 9.04.2025

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April 9, Fineko/abc.az. The fortune of U.S. President Donald Trump decreased by $500 million after the American leader announced last week about the introduction of new customs duties.

ABC.AZ reports with reference to Forbes magazine that Trump's fortune lowered from $4.7 billion to $4.2 billion as a result of decline in the value of shares of companies he owns.

In particular, the quotes of his company, Trump Media & Technology Group, declined by 8%, losing $170 million in capitalization. Trump's assets in real estate and services also suffered losses.

On April 2, the U.S. President announced the introduction of customs duties on products from 185 countries and territories.

Universal tariffs of 10% came into force on April 5, individual tariffs will become effective on April 9. In addition, the U.S. administration has imposed customs duties of 25% on all imported cars since April 3. Trump also declared state of emergency in the country because of the economic situation.