Trump’s tariff war wiped £6.6tn off world’s stock markets as unfazed Don threatened to slap another 50% levy on China

Trump’s tariff war wiped £6.6tn off world’s stock markets as unfazed Don threatened to slap another 50% levy on China

Tech


The Donald Trump War caused the world's introduction to the world on another day of the huge visits to stock markets – where it was joking with the baseball team.

More than 8.5 million dollars (6.6 million pounds) have now been eliminated from international stock markets since Mr. Trump has launched the so -called “Liberation Day”.

3

Trump's introductory war with the world caused the huge visits to stock markets – as it was joking with the baseball teamCredit: AFP
Merchants on the ground of the New York Stock Exchange.

3

More than $ 8.5 million has now been eliminated (6.6 trillion pounds) from international stock markets since Trump has launched the so -called “Liberation Day”Credit: AFP

The uncomfortable US President threatened another 50 percent of the definitions of China after Beijing was launched by Bay Jing with 34 percent revenge fees.

This step- in addition to import taxes by 54 percent spread over China last week- Trade between the highly competing authorities in deep freezing can have sparked a major global recession.

The main friends begged to delay the “economic nuclear war” after the arrows were bombed for the third day, but it rejected the turmoil as a “drug.”

About 13.5 per cent of some markets-which makes the economic half that caused badly like the famous Monday 1987.

The market turmoil was categorized worse than the emergence of World War II and September 11 and the beginning of the Covid 19.

Mr. Trump hopes to pump a 90 -day delay in the global tariffs, and its markets have seen shortly in the afternoon, just to evaporate the gains when the White House refused online rumors as “fake news”.

After the markets were swing in China, it was filmed with the World Championship winners entitled La Dodgers, which gathered in the White House to meet him after calling for the 2024 title.

After that, the president held a press conference praising the players as “the best people I have ever seen.”

But Mr. Trump did not mention the economic crisis.

Benjamin Netanyahu also met Mr. Trump yesterday, becoming the first foreign leader to visit since he unleashed definitions.

Trump urges people not to be stupid “because it issues a new tariff to a warning to China

The Israeli Prime Minister was received outside the White House with a firm handshake while arriving at the talks.

At a joint press conference, Mr. Trump confirmed that he will not stop the definitions, saying: “We are not looking at this.”

Last night, Sir Kerr Starmer called for “cold presidents” while the European Union made an unprecedented offer to reduce all the customs tariffs of American goods to scratch if import taxes were announced by 20 percent last week.

Speaking before the opening of the markets late Sunday, Mr. Trump insisted: “I don't want anything to decrease, but sometimes you have to take the medicine to fix something.”

He added that the countries must come to him for an agreement to spare the pain of customs tariffs: “They come to the table.

President Donald Trump and Israeli Prime Minister Benjamin Netanyahu at the White House.

3

Benjamin Netanyahu met Mr. Trump, to become the first foreign leader to visit since he unleashed definitionsCredit: Reuters

“They want to speak, but there is no conversation unless they pay us a lot of money on an annual basis.”

By yesterday morning, the sales process was collected in Asia, as the markets played the knee on tension after some were closed on Friday due to national holidays.

In Hong Kong, Hang Singh Index dive into 13.7 percent – the fourth largest stagnation in its history.

Asian stocks that were beaten because these countries have more than lost them from the harsh definitions of China, Thailand, Taiwan and South Korea.

“The process of selling the market is this brutality because it is unabated. Often, we see a bad day or two days and then a recovery. We are now on the third day, selling is intensifying, and does not die,” said investment manager AJ Bell Russles.

The traders' reaction to the increasing fears of global recession, as Wall Street Goldman Sachs raised the opportunity to a 45 % possibility.

American financier Bill Akman, who was a Trump encouraging, warned that the customs tariff had caused a “economic nuclear winter resulting from self” and urged him to think about a 90 -day stop.

Economic nuclear war

The billionaire warned: “So, on the other hand, we launch the economic nuclear war on every country in the world, the investment of business will stop, and consumers will close their wallets and pocket books, and we will severely damage our reputation with the rest of the world that will take years and perhaps rehabilitation contracts.”

But his billionaire colleague, head of Blackrock Larry Fink, reduced the long -term threat to market turmoil, describing the last sale as a “opportunity to buy.”

The pain that was carried to Europe with the loss of the DAX index in Germany was 4.13 percent and CAC in France climbed 4.78 percent.

In London, FTSE 100 decreased by 4.38 percent. It was lost 11 percent over three days of trading.

“The volume of waterfalls on both sides of the weekend raises the crashes of 1987,” said Tom Stevenson, Fidelity Investment Director.

“At the time of writing this report, the futures markets were pricing on a third consecutive day of the heavy fall of the United States market. If this is what is offered, this will be one of the worst weeks in the market since the Black Monday in 1987.”



Source

Leave a Reply

Your email address will not be published. Required fields are marked *