Agile Bags all mark heavy losses After The announcement of mutual duties by the US administration led by Donald Trump, with Wall Strett sees the Nasdaq (the technological titles index) lose over 5 percentage points and the European squares towards the closure around -3%. The United States imposed 20% rates for Europe, 10% in the United Kingdom, by 24% to Japan, 54% in China (they were already 20%) and 25% on cars produced outside the United States.
The markets in the last few days had marked results above the equality, betting on a rundown of more ‘light’ measures by the former tycoon. Instead, the confirmation of an aggressive tariff policy peeps out the price lists, between fears for the reduction of trade and potential return of inflation, sterilized by the central banks with a season that lasted two years of rates of the rates, followed by the current gradual cuts, to stop the price growth spiral – starting from those of energy – linked to the conflict in Ukraine.
Asian bags have closed down strongly. Hong Kong archives the session with -1.75%, Shanghai -0.25%. Deep red closure for the Tokyo bag with the Nikkei which collapsed by 2.73% and the topiX of 3.06%. The European price lists after the highly negative start to Wall Street expand the losses around -3%: Frankfurt -2.7%, London -1.5%, Paris -3.3%, Milan -3.3%. A Wall Street the Nasdaq gives over 5%, the Dow Jones index 3.6%while the S&P 4.2%.
The White House: trust Trump, no back marches
To anyone who is in Wall Street this morning I would say to trust President Trump “,” the president who is doubling his tested economic formula of his first term “. The spokesman for the White House Karoline Leavitt said it, in an interview with CNN.” His is a common sense policy. And if these countries wanted to negotiate, if these countries wanted to do what it is right, they would have had 70 years to do it, “added the spokesman for the White House.
“Instead, they have scammed American workers. And President Trump has clarified very well that this is a policy that would have implemented.” When asked if it is any possibility that Trump can back down before they enter into force this weekend, Leavitt said “the president clarified that this is not a negotiation. This is a national emergency. It is always willing to take the phone to answer calls, but yesterday he exposed why or we are doing”. The application of the duties is “necessary” to straighten the commercial imbalances, said the Vice -President of the United States JD Vance in an interview with Fox News, adding that “it will take time to see their effects”.
Macron, Trump’s decision is brutal and unfounded
Donald Trump’s decision on duties is “brutal and unfounded”, said the French president, Emmanuel Macron receiving the representatives of the French companies affected by the new US customs taxes at the Elysée. The duties will have a “huge impact” on the European economy, the French president warned, according to which the Americans will come out “weaker and poorer”.