Kuwaiti economic experts have directly linked the sharp decline in Kuwait Stock Exchange (KSE) indices to the negative repercussions of U.S. President Donald Trump's global tariff impositions, which now include Kuwait. The market witnessed heavy sell-offs and investment uncertainty following the announcement.
KSE Main Index: Dropped X% (largest single-day fall since [date])
Most Affected Sectors: Banking (-X%), Industrials (-X%), Logistics (-X%)
Trading Volume: Increased by X% as investors rushed to exit positions
1. Mohamed Ramadan (Economic Analyst)
"Trump's tariffs exceeded global market expectations, triggering this panicked reaction. The situation remains unclear – will there be counter-tariffs or negotiations? This uncertainty forces investors to withdraw funds."
Warns of short-term negative impacts but expects medium-term recovery
Predicts further volatility until market clarity emerges
2. Mohamed Al-Hamad (National Investments Co.)
"While Kuwaiti companies have minimal direct exposure to U.S. markets, the psychological factor has caused panic. Q1 performance was strong due to [reasons], but Q2 may stabilize with dividend distributions."
3. Suleiman Al-Waqyan (Sarouh Holding)
"This is an economic war between major nations. The U.S. market itself may drop 25-30%, but Kuwait's locally focused companies will recover faster."
4. Hamad Al-Musaed (Rasameel Investment)
"U.S. futures fell 2-3% post-announcement. These tariffs could generate $500-600 billion, reducing the U.S. deficit. No recession expected – credit markets remain stable."