Actions in Asia fall strongly, extending a rout caused by Trump’s prices

The financial markets were hardly affected by another wave of sales at the start of negotiations in Asia on Monday, investors and economists struggling with growing chances of a serious economic slowdown caused by the new important prices of President Trump on imports.

Trading was extremely volatile. Actions in Japan plunged more than 8%, while South Korea has dropped by around 5%. In Australia, shares have dropped by more than 6%.

During the weekend, analysts have disseminated notes warning that Asia could be particularly vulnerable to an exchange of reprisals in tit-form between China and the United States. Many countries in the region, including Japan and South Korea, have the two nations as their main business partners.

President Trump doubled on Sunday evening, saying that he would not facilitate his prices on other countries “unless they pay us a lot of money”. He also rejected the concerns that his new taxes on imports will lead to higher prices. “I don’t think inflation will be a big problem,” he told journalists on Air Force One.

On Friday, China retaliated in the United States with a rate of 34% on a certain number of American exports, corresponding to a rate of 34% that Trump imposed on China last week.