Securities markets react to Trump

The European markets fell mainly on Monday when investors digested the last savings of President Trump’s commercial war, which saw it Threatening to hit the European Union and Mexico with tariffs of 30% as of August 1. The threat of Mr. Trump occurred after a series of ads last week that included warnings of a possible 50% tax over all copper imports and all goods in Brazil, 35% taxes on Canadian goods and a possible 200% tariff on imported pharmaceutical products.

When announcing his last intentions on Saturday, Trump cited Mexico’s role in illicit drugs that flow to the United States and a commercial imbalance with the European Union.

The measure launched months of targeting conversations with Brussels in disorder.

The head of the European Commission, Ursula von der Leyen, has insisted that the EU still wants to reach an agreement with the United States on Sunday, the block He delayed his reprisals planned by US duties. on steel and aluminum. EU officials had threatened in May to impose tariffs on US products for a value of around $ 117 billion, including cars and airplanes, if conversations fail, as of July 14.

Von der Leyen said Sunday that Mr. Trump’s letter showed “that we have until August 1” to negotiate.

“We have always been clear that we prefer a negotiated solution,” said Von der Leyen, adding: “We will continue preparing countermeasures so that we are fully prepared.”

In April, Trump imposed tariffs on dozens of countries, stopping them quickly for three months to negotiate agreements. As that 90 -day period ended this week, Trump began sending tariff letters to the leaders, but delayed the implementation date of threatened taxes until August, News reported.

The EU Chief of Commerce, Maroš šefčovič, said he planned to talk to his American counterparts on Monday.

“I am absolutely 100% sure that a negotiated solution is much better than the tension we could have after August 1,” said Šefčovič journalists in Brussels. “I cannot imagine moving away without a genuine effort. Having said that, the current uncertainty caused by unjustified rates cannot persist indefinitely and, therefore, we must prepare for all the results, including, if necessary, if necessary, countermeasures provided well considered to restore the balance in our static transit relationship.”

He pointed out that the EU was also “doubling efforts to open new markets” beyond the United States.

The French president, Emmanuel Macron, supported the efforts to reach an agreement that “reflects the respect that commercial partners such as the European Union and the United States owe each other,” but urged the block to “intensify the preparation of credible countermeasures” in case the two parties do not reach an agreement.

The actions fell into Frankfurt and Paris, although London saw that prices increased more.

In Asia, Hong Kong, Shanghai, Seoul, Singapore, Manila, Bangkok and Yakarta rose, while Tokyo, Sydney, Taipei, Mumbai and Wellington are reduced.

Bitcoin reached a new record of $ 123,205.

“It is difficult to say if the market response off during the week is better characterized by resilience or complacency,” said Nugent Taylor of National Australia Bank. “But it is difficult to set the price of the variety of headlines that supposedly define where tariffs will sit as of August 1 when negotiations are in progress.”

The data showed that Chinese exports increased more than expected in June after Washington and Beijing agreed to reduce the taxes from each other. That included a 32.4% increase in shipments to the US, which had fallen in May.

The merchants also watched the Federal Reserve while Trump continued to scold the chief Jerome Powell for not reducing interest rates soon enough, saying on Sunday “I hope he renounces” and “should give up.”

• Duty
• Taxes
• Trump administration
• European Union