Europe and Asia bags are trembling on the Trump tariff

Los Mutual definitions President Donald Trump launched a trade war that caused Asia and Europe bags Live a black day in the face of concerns Global recession Widely.

After Trump’s expected announcement of the definitions, European stock markets recorded Huge waterfalls On Thursday and Friday, which spanned this day, until 10:00 GMT, the PaneyePo Eurostoxx 600 index was about 5 %. At the same time they suffered Fráncfort the clarity of the fall (-4.30 %), Paris (-3.9 %), London (-3.80 %) and Madrid (-4.4 %).

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Within a few days, more than 1500 million euros (1640 million dollars) disappeared from the stock value in Europe, while in Asia, Tokyo bag closed in red (-7.8 %), as well as those in Seoul (-5.6 %), Sydney (-4.2 %) and Taiwan (-9.7 %).

Shanghai also drowned (-7.34 %) and in Hong Kong, the Hang Singh Index with 13.22 % losses, Worse result since 1997During the Asian financial crisis.

Wall Street, with the worst fall since 2020

Trump’s tariff does not only make the European and Asian stock market Costumes of about 6 billion dollars of value. This Monday opened the decline.

Trump launched a storm on the market last week with the announcement of definitions of countries around the world, including its main trading partners, such as China and the European Union.

The president accuses them of “looting” and thus decided to impose a 10 % global tariff For all the products imported to the United States, which came into effect on Saturday.

As of Wednesday, definitions must enter into force for their main commercial partners, including the European Union (20 %) and China (34 %).

In Europe, foreign trade ministers met Monday in Luxembourg “to prepare” a joint response, asking for “Form” Without excluding “very aggressive” measures against definitions.

China responds to me

China announced on Friday 34 % tariff for all American products As of April 10, in response to the rates imposed by Trump.

As imposed Export controls to seven rare metalsIncluding gadolinio, which is used in magnetic resonance, and Iter, used in the electronic products of the consumer.

The Deputy Minister of Commerce, Ling Ji, said that the Chinese definitions “firmly protect the legitimate rights and the interests of companies, including America.”

Trump accuses China of being “The biggest abuse” for all in terms of definitions He said that Beijing did not understand his warning “to the offensive countries so that they would not take measures for revenge,” he wrote on the social network.

With AFP information

VJCM