Stock market|President Donald Trump announced that he would determine duties against all states.
Stock market were scared on Monday of the US President Donald Trump The notification is extended to the introduction of customs customs.
According to Reuters, the president announced that the duties would be targeted at, at least in the early stages of all products imported from states. In the stock market, the announcement raised concerns that the trade war could be pushed into the world economy.
According to the President, “every Asian state” had been “unfair” trade in the United States.
Reuters According to President Trump, he plans to announce newcomers on Tuesday and will tell more precisely the number of duties on Wednesday.
The Tokyo Stock Exchange General Index Nikkei 225 Weakened four percent Finnish time on Monday morning at 8.50am. Also in Taiwan and South Korea, the shares were significantly cheap.
President Trump aims to protect domestic companies from international competition with import duties. The central idea of his economic policy is to put the interests of the United States ahead of everything else.
Several Economists have warned that customs also hit the US economy. At the same time, the Central Bank’s means to curb the risk of the recession by lowering the interest rate are limited because duties may accelerate inflation.
Finance company JP Morgan’s Chief Economist Bruce Kasman According to Reuters, the risk of a recession in the United States is 40 %.