In the United States, stock markets opened up. The S&P 500 following the price development of a five hundred listed company stock price was 0.6 % lower at the end of the trade at the beginning of the trade.
Technology -oriented stock index Nasdaq and the Dow Jones following the large companies were also down 0.6 %
One of the toughest S&P 500 calculators was a car manufacturer General Motorsknown for Chevrolet, Buick, GMC and Cadillac. The share was $ 8.3 percent in $ 46.72.
President Donald Trump announced that the United States will begin to charge a 25 % import duties on all vehicles imported from abroad and from foreign spare parts for cars, which has been interpreted as having had the moods of the market.
The customs will take effect on Wednesday, April 2, on Wednesday of next week, when Trump has come to tell about new duties.
Financial media According to Financial Times After the announcement, the US authority confirmed that, in addition to entire cars, duties affect parts of cars such as engines and electronic components.
Car manufacturers have lobied against duties because they show problems in production chains and increase prices. Trump, on the other hand, argues that this will produce production in the United States.
Positive financial data was also published in the United States, which the market does not seem to give weight in the midst of trade war.
The economy grew more than expectations
In October -December last year, the US GDP increased by 2.4 per cent, while the median of economists’ forecasts expected 2.3 percent. In the former quarter, growth generated 3.1 %.
According to Bloomberg, the figures also included information on the profits of the companies. For example, profits after taxes increased by 5.9 percent in the fourth quarter, which is more than more than two years.
Bloomberg interprets the data that US companies may have the space not to transfer the possible rise in prices for Trump’s customs to their own products and services.
Economists are expecting more moderate growth this year as Trump’s policy causes uncertainty for consumers and companies.
For example, last week, the US Central Bank FED lowered its forecasts for economic growth. Inter alia Goldman Sachs and Morgan Stanley had made similar