The Stock Markets abroad are immersed, US futures

Tokyo’s Nikkei 225 index fell 7.8%. Hang Seng of Hong Kong fell 13.12%, his worst day from the 1997 Asian financial crisis. And the Shanghai compound index lost 7.3%. In Taiwan, Taiex collapsed 9.7%, its largest registered loss.

Kospi from South Korea lost 5.6% to 2,328.20, while Australia S&P/ASX 200 lost 4.2% to 7,343.30, recovering from a loss of more than 6%.

Kospi from South Korea lost 5.6%.

The Australian reference actions index closed 4.2% lower after recovering from a loss of more than 6%.

The European actions followed the markets of Asia downhill, since Dax of Germany fell 6.5%, CAC 40 in Paris lost 5.9%and the FTSE 100 of Great Britain lost 5%.

Stock futures

The future industrial average of Dow Jones had fallen 1,330 points from 5:13 am EDT, according to Bloomberg, while Nasdaq’s futures were out of 697.25 points and future S&P 500 had lost 185.50.

Securities markets around the world were sold last week after President Trump on April 2 announced a minimum 10% rate in all imports from USA and “Reciprocal” In almost 90 countries. The global rate entered into force on Saturday, while the corresponding tariffs are ready to reach April 9.

The scale of tariffs surprised investors, sending shares to their stronger decrease in five years and eliminating billion in the wealth of investors. Many economists warn that imposing broad tariffs on goods sent to the United States could increase inflationrelaxed expense of consumers and hurt economic growth.

In retaliation against the United States, China said Friday that it will place a 34% of import tariffs of all US products from April 10. Beijing in March also began charging a 15% tax in American agricultural products, including chicken, pork and soy beans.

“China and the United States are now locked in a chicken game, with the risk of a serious global commercial war on financial markets,” said Pantheon macroeconomy analysts to investors in a note.

The S&P 500 has decreased almost 14% since Trump released the last rates last week, while the Dow Blue-Chip has dropped 12%. The Nasdaq has decreased almost 16% during that period, placing the heavy technological index in a bearish market, when the shares fall at least 20% since its most recent maximum.

Higher tariffs since 1909

Since he returned to the White House in January, Trump has also slapped 25% of import tariffs in Canada and Mexico, he strongly increased import tariffs on Chinese products and has put 25%. Levones in foreign carsamong other measures aimed at US commercial partners.

The average fee of the USA. UU. In imported goods it is now at its highest level since 1909, according to Yale’s budget laboratory.

Trump said Sunday that he will not retire from his tariffs unless other nations even outside his trade with the United States.

Speaking to journalists aboard Air Force on Sunday night, the president said he did not want global markets to fall, but that “sometimes you have to take medications to fix something.”

The senior Trump administration officials have firmly defended their commercial policies, saying on Sunday that more than 50 countries subject to the last round of rates have requested conversations.

Talk about “In front of the nation” On Sunday, the Secretary of Commerce Howard Lutnick said the tariffs “will definitely remain in place for days and weeks. The president must restore global trade.”

Despite the defeat of the market last week, some Wall Street economists expect the Trump administration to relieve tariffs in certain countries in the coming months in exchange for their commercial barriers. That would probably help prop up actions.

“We assume that, in the coming months, Trump will reach ‘agreements’ with many countries, although China may be the exception,” said Paul Ashworth, chief economist of North America of Capital Economics, in a research note. “Once it is clear that you are willing to accept relatively lower concessions in exchange for reducing those rates, the actions should bounce.”

The risk, analysts warn, is that Trump, on the other hand, implements additional tariffs or seeks to punish commercial partners who display their own countermeasures.

The Association press and News contributed to this report.

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