Your guide to what the US 2024 elections are for Washington and the world
The stock markets declined sharply when Trump did not reassure the traders’ nerves a few hours before he was strike from EU countries to China with new new levies, tilting the world into a full trade war.
Representatives of the White House, including the secretary of the Treasury Scott Babe, sought to talk to possible trade negotiations with South Korea, Japan and other countries – a message that gave the investors that Trump could mitigate his position after Pressure by allies -millionTrading partners and Republicans in Congress.
But any relief was short when it became clear that Trump was promoting his arsenal unloading plan tariffs Against trading partners conducting a new era of world trade conflict.
The new blitz tariffs on Trump from Wednesday will include additional levies in China, despite Beijing’s warning that it is “fighting to the end” in a fast -paced trade conflict.
According to the White House spokesman Carolyn Levit, additional tariffs for 50 % tariff for China, the second largest economy in the world, “will come into force at 12.01”.
“Everyone continues to hope, they continue to pause at the tariffs,” said Peter Tachir, head of the Macro -strategy of the Securities Academy. “But we just hit the additional tariffs on China. We are slowly losing this optimism that this is a negotiating tactic. That’s why trade was so unstable today.”
The Benchmark S&P 500 index increased by 4.1 percent at the beginning of the trading session but ended 1.6 percent after the livita remarks – marking the fourth consecutive turbulence in a consecutive day On the street Stocks. This week, Apple, which is heavily exposed to China through its supply networks, has decreased more than 8 percent as investors are worried about their margins.
Over the past two days, the US Treasury Market at $ 29tn has also been upgraded for sale, sending long-term borrowing costs that jumps when volatility pushes hedge funds to scale the risk dramatically.
“Market pricing were dramatic,” Wall Street Bank Goldman Sachs told clients, adding that “our shocked” assessments to the market using joint stock and US bonds correspond to the US growth. ”
Additional levies in China mean that its exports to the US will face more than 104 percent duties – the level that will be considered as a Beijing provocation, which has already avenged its 34 percent tax on the US import and move to the devaluation of its currency.
Along with new responsibilities in China, the US will also impose taxes on almost all other imports from Wednesday – “back” tariffs announced by Trump during the “Liberation Day” last week.
Since then, this announcement has wrapped the financial markets, wiping the market value of 6.2 tn with S&P and causing warnings about spiral inflation in the US and slowing down in the global economy.
Oil markets also reacted to the expectation of a sharp slowdown of global trade, and on Tuesday, US benchmarks of Western Texas intermediate trading less than $ 60 – a level that, according to Increase American raw materials.
The determination of the US president to follow his ultra-professional tariff policy attracted a tough reaction from Wall Street, business leaders and some republican lawmakers.
The coming trade war and economic violations also opened the Trump’s own range. While the Bezeta on Monday described his plan to launch negotiations with Japan over a new trading deal, trading Trump Tsar Navaro wrote in Financial Times that the president’s position was “not negotiating”.
On Tuesday, Elon Musk, an advisor on technology and Trump, attacked Navaro as “moron” and “Darber than a Brick bag” after Navaro suggested that the tesla boss’s confrontation was interested.
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2025-04-08 23:08:00
