Donald Trump’s trade war against the rest of the world has started! After the US President initially only announced customs barriers against Mexico, Canada and China, the Republican now rumbled towards the EU: “This will definitely happen for the European Union!”
▶ ︎ To which tariffs should be raised and to what extent – still completely unclear. But it should happen “pretty soon”.
Donald Trump establishes its import export resolution with an alleged 300 billion dollar trading deficit to the disadvantage of the United States. “She (Die I, Anm. D. Red.) Do not take any cars from us, no agricultural products-they take almost nothing, ”said the 78-year-old. “The EU Is really outside the trail. What you did is an abomination. “
Investors emit shares worldwide
Initially, Trump announced 25 percent tariffs against goods from the neighboring countries Mexico and Canada. Also 10 percent on products China. The EU bang followed a few hours later.
The result: comprehensive fear of a dramatic absorbing of the stock market, which is why investors are already selling papers worldwide. The DAX and EuroStoxx50 forced the knees. In which The stock exchange-The two important indexes slid down by more than two percent to up to 21,253 and 5174 points.
It hit even more than stocks as a risky investment like Cryptocurrencies. Bitcoin lost by 10.5 percent to $ 91,442, Ethereum collapsed by up to 27 percent.
“There is a lot at stake”
The EU Commission had previously declared that the EU would react to every trading partner that is unfair or arbitrarily raising tariffs to goods. “Our trade and investment relationships with the USA are the largest in the world. There is a lot at stake, ”said a spokesman.
Chancellor Olaf Scholz (SPD) and France President Emmanuel Macron did not rule out countermeasures.
How hard does Trump really stay?
According to Trump, the USA exposes the planned tariffs against Mexico for one month. The President announces this on Monday after a conversation with his Mexican colleague Claudia Sheinbaum.
“The tariffs will be exposed for a month from now on,” Sheinbaum said after a phone call with US President Donald Trump via the platform X. Trump also confirmed Truth Social from the suspension of the tariffs.
Background of the suspension: Apparently a deal that Mexico sends 10,000 soldiers to the border. These are supposed to prevent drug smuggling into the USA.