The stock markets reacted with a storm to the US President Donald Trump’s announcement “Day of Liberation” and the signing of the decree on the introduction of customs duties for the whole world.
For Wall Street, this day was the worst since March 16, 2020, the “second black Tuesday”, when, against the background of information about the pandemic of the Coronavirus Covid-19, when the leading indices lost 12-13% of the cost.
This time, the S&P-500 collapsed by 4.8%, NASDAQ-by 5.8%, Down Jones-by 4%. The shares of corporations depending on imports such as Apple, Amazon, American Eagle, Foot Locker, etc. were most affected.
In parallel, the dollar exchange rate in relation to 6 leading world currencies decreased by 2.1%, including the euro – by 2.2%, and to Jena – by 2.5%.
Trump, commenting on the collapse in the markets, said that the reaction to his new and far -reaching tariff plan “is moving excellently.” “The markets will fly up, the shares will take off, the country will take off,” he told reporters, leaving the White House. “The whole world wants to see if there is a way to reach an agreement,” he added.