American stock down as a trade war with China deepens News Donald Trump

American stocks sank on Thursday, giving some of the huge winnings that followed the decision of the President Donald Trump to temporarily down wiping tariffs Dozens of countries, such as investors assessed the status of their global trade war.

Trump’s sudden decision on Wednesday freezing most of his superior duties in 90 days has made a relief of beaten markets and anxiety world leaders, even as he gave a trade war with China.

But his approach of whips is still worried about potential relegation and running to prepare for what might happen in three months.

The S & P 500 index was reduced by 5.2 percent on Thursday afternoon, while Nasdaq fell 6.1 percent, and the Dow Jones Industrial average was reduced 4.5 percent.

Speech At the Cabinet meeting, Trump reiterated that there would still be “difficulty in transition” in the coming days.

His sudden decision to freeze most of his superior duties in 90 days has made a relief on beaten markets and anxious world leaders, even as he gave way to China.

In Europe, the yields of the EUROZONE bonds jumped, widely tightened, and markets have abolished their bets on European Central Bank cuts after the latest announcement of Trump. European actions have risen.

The European Union said the plans would put on the imposition of retaliatory tariffs on the 90 days. It was due to the launch of the counter tariff to about 21 billion euros (23.25 billion) imports import imports in response to Trump Tariffs of 25 percent on steel and aluminum. It is still estimated how to respond to the US car tariffs and a wider 10 percent of the levies that remain in place.

“We want to give negotiations at a chance,” said the President of the European Commission Ursula von Der Leyen on X.

But she warned that counter tariffs could be returned if negotiations “are not satisfactory”.

The governments of the southeast Asian advocated and not to impose reprisal measures in response to Trump Tariffs.

After the video conference among the members of the Asian Nations Association (ASEAN), economic ministers from 10 countries said: “Open communication and cooperation will be crucial to ensure that they do not impose any rentaliatic measures in response to US tariffs.”

The Trump administration is close to reaching an agreement with some countries, said the White House Economic Adviser Kevin Hassett.

“Upr (representative of the United States) informed us that they have now recorded 15 countries that expressed and considering and deciding whether they are good enough to present the president, referring to representative of the US President.

But offers not yet published, and Trump speak to journalists that it cannot only arrange “easy”.

When asked what would happen if no agreement should be achieved before a break in 90 days, Trump said he would return to the original announced tariff rates for each country.

“Well, that would happen. I mean, if we can’t deal with or we want to do or we have to do, or it’s good for both sides – then it would be back where we were,” he would say.

However, he added that “see what happens at the time”.

US China Trade War

Despite the president of the United States, pausing most of the so-called “reciprocal” tariffs, the second largest world economy and the second largest supplier of American imports to 125 percent, from 104 percent to 125 percent.

The White House on Thursday, said the Total Level of New Tariffs on Thursday that Trump from China forcibly, when taking the tariffs for 20 percent, initially this year, stating the ceremony of Fentanil.

China will follow by the end if the US still exists, the spokesman of the Ministry of Trade, Yongqian said. The Chinese door was open for dialogue, but it must be based on mutual respect, the Ministry said.

With a trade war with China in full swing, at the Cabinet meeting Thursday, Trump, however, said that Washington “like to be able to do” with Beijing.

He stressed that he has good personal ties with Chinese President Xi Jinping.

“In the true sense, he is my friend for a long time. And I think we’ll end up doing something that is very good for both countries,” Trump said.

The Chinese Yuan on Thursday hit his lowest level of a global financial crisis on Thursday.

Oil prices have retired by more than 3 percent on Thursday because fears of deepening American trade war and a possible recession encourage earlier relief that has created Trump’s breakout.

Reporting from New York, Al Jazeere’s Kristen Salomey noted that Apple among American companies that are most exposed to the US Travan War.

“The IPhone Maker, of course, produces a lot of its products in China,” she said.

Elms Deborah, Head of Trade Policy at the Hinrich Foundation in Singapore, said Al Jazeera that if the tariffs were placed “at 145 percent, there is no trade between the US and China.”

“It will create serious headaches for many, including companies based on both locations,” she warned.

Reporting from Washington, DC, Al Jazeere’s Mike Hanna said it was not clear whether the American trade war would continue to escalate.

“Trump still says he wants to create a favorable negotiating environment. But at which point he stops getting out of 145 percent contained in China? It must be a kind of endgame,” he noted.

“The members of the cabinet do not make those questions ask, at least,” he said.