It was updated with the closure of the market, the delay of the Canada tariff: The markets ended on Monday, a strange circulation day on a 25 % trading day of the tariff on Mexico and Canada, President Donald Trump announced during the weekend. They were appointed to become valid overnight, but they were extended for 30 days in both cases while continuing to negotiate – for Mexico late in the morning and Canada in the afternoon, after the closure.
DJIA ended 122 points after sinking more than 600 points in the open and placed in a positive area for a short time at one point. NASDAC, S&P 500 and Rusell 2000 also finished red. Trump has published on the social truth that Canada “will implement the $ 1.3 billion border plan, and according to the Prime Minister [Justin] Trudeau, will be, “strengthening the borders with new helicopters, technology and employees, enhancing coordination with our American partners, and increasing resources to stop the flow of fentanel.”
Trump wrote earlier today.
He had linked the planned definitions, which could raise prices on a number of goods, to immigration and fentanel, which the presidents of both countries took over the borders at the end of the week, threatening the declining customs tariffs.
previously: The stocks erupted in an open championship on the sharp tariff that is scheduled to start on Tuesday, then reflected the losses in the late morning news that the strike on the goods from Mexico will be late for one month.
It was a wild journey. On Saturday, President Donald Trump revealed that 25 % of the customs tariffs were swept on the main commercial partners in Canada, Mexico and 10 % on China, which is scheduled to be valid overnight. He said that he “definitely” wants the slap of definitions on Europe as well. The conservative editorial council in Wall Street Journal described it as “the most commercial war in history”, and hit the Dow Jones industrial average with more than 600 points today. DJIA has a large extent – a decrease of 50 points – where the markets see a potential decrease before you go down again but still expel their lowest levels on an incredibly volatile trading day.
Trump was criticized for the social truth this week, describing it as “always wrong”, but he admitted that the definitions might bring “some pain” in terms of high prices – although inflation was one of the reasons he won in the elections. Media and entertainment companies are not seen as being particularly affected by definitions, which are on goods, not services, unless one analyst notes, that other countries go to the so -called asymmetric retaliation. However, the associated consumers are not good to work.
“Will there be some pain?
The auto industry was especially concerned because a large number of cars (as well as parts) that were sold in the United States are made in Canada and Mexico.
Canada and anger were angry with Prime Minister Justin Trudeau at a weekend press conference that has been moving to punish a long -term friend and ally and announce the revenge definitions.
Mexico President Claudia Shinbum said on Saturday that the southern neighbor of the United States will do the same before the late morning axis today delay the definitions of Mexico for one month amid continuous negotiations.
It does not seem that the conversation with Trudeau this morning is going well according to Trump's social summary, but indicated that he will speak with the Prime Minister again at 3 pm Easter.
President Trump carried a campaign on customs duties, which he also used in his first term. This threatened round was more aggressive. However, the delay of Mexico Wall Street gave hope to prove, in fact, that it is more than a bargaining tool to gain concessions. Trump wrote that Shinbom “agreed to provide 10,000 Mexican soldiers immediately on the borders separating Mexico and the United States.” However, players in the market prefer not to have many market disturbances often.
Technological stocks, keeping definition, are mostly less. Disney, Netflix and Fox shares higher. Warner Bruce Discovery decreased 3 %. Today's WSJ story predicted that more celebrities may come when WBD reports on quarterly profits later this month.
