US President Donald Trump's net worth has fallen by $500 million after the American leader announced new tariffs last week, Forbes magazine reports.
The publication estimates that Trump's fortune has decreased from $4.7 billion to $4.2 billion due to the decline in the value of shares in his companies.
The quotes of his company Trump Media and Technology Group fell by 8%, losing $170 million in capitalization. Trump's real estate and services assets also suffered losses. On April 2, the US President announced the introduction of tariffs on goods from 185 countries and territories.
The universal tariffs of 10% came into effect on April 5, individual tariffs will come into effect on April 9. In addition, the US administration introduced a 25% tariff on all imported cars from April 3. Trump declared a state of emergency in the country due to the economic situation.