Trade war|In the afternoon, the shares were over four percent in Europe.
US The stock market opened on Friday in a steep fall.
The wide -ranging S&P 500 index was 2.8 % in the opening and the technology -focused Nasdaq slipped 3.3 percent, while the stock market opened at 4:30 pm Finnish time.
Sectional The stock market continued on Friday when China announced 34 % of the respondents to the United States. All goods imported from the United States to China will be set to 34 % Customs, which will enter into force on 10 April.
Shortly after the announcement of the Chinese Ministry of Commerce, a wide -ranging European Stoxx Europe 600 stock index weakened by 4.1 per cent and the Helsinki Stock Exchange’s general index.
Earlier on Friday, the Tokyo Stock Exchange’s general index was 2.8 per cent and the Hong Kong Stock Exchange General Index 1.5 per cent.
Trump ordered new 34 % duties for Chinese products and 24 % duties for Japanese products. Thus, China responds to the United States with the same measure.
According to futures in advance of US shares, the shares are expected to be three percent. Trading in the US stock market will begin at 4:30 p.m.
New Customs have caused a great deal of uncertainty in the stock market because they were higher than expected. It is not yet known exactly what consequences they have for different companies.
However, the duties are certainly causing significant difficulties for many companies, as their exports to the United States will stop. Some are likely to find alternative markets for their products, but not everyone.
Stateside The world’s most important stock index The S&P 500 weakened by 4.8 percent on Thursday, which is an exceptionally high knock. Thus, investors are interpreted that the customs are likely to have significant harm to many US companies.
The ultimate fear is that the world economy sinks into a decline due to the trade war. The United States is the world’s largest economy, which has a significant role in the development of the global economy.