The reaction of the global financial markets to Donald Trump’s tariff. Scholarships fell, the dollar’s weakness, the decline in the sovereign securities income in New York, and the rates of the worst level of the epidemic.
The United States Foreign Trade Office said that the account came from the hypothesis that the high level of the American deficit is a reflection of customs barriers and non -tax policies practiced all over the world.
Ustr also said that she specified the definitions based on the size of the American trade deficit compared to each partner, individually. They also entered the account: the price was passed on the final consumer tariff. And estimate the low imports caused by the new tax.
The model is particularly punished with business partners who have a major surplus of trade balance with the United States. This is the case of many Asian countries, responsible for the massive production of consumer goods in the American market.
A day after the announcement, Donald Trump celebrated the outcome of the definitions. He compared the barriers to medical surgery and said that the patient – the United States in this case – survived and recovered.
Trump’s optimism contrasts with the market reaction, which works under pressure on Thursday (3).
The three main indicators of the New York Stock Exchange (S & P 500 -4.85 %; NASDAQ -5.99 %; Dow Jones -3.98 %). Falling responds to escaping from investors from the most vulnerable companies to Trump prices. Especially those that depend on complex production chains, such as Apple to Nike.
He added, the companies listed on the American Stock Exchange lost $ 7.3 trillion.
The lost value in dollars compared to the world’s leading currencies. In Brazil, the dollar closed today to $ 5.62. 1.8 % decrease.
