Asian action markets rout at the start of negotiations, because Trump says “you must take medication” | Trump prices

Donald Trump said that foreign governments should pay “a lot of money” to raise radical prices which he described as “medication” because the markets in Asia plunged at the start of negotiation on Monday.

Addressing journalists in the Air Force One a little time on Sunday, the American president said that he was not concerned about market losses that have already erased nearly $ 6 billion in American action. “I don’t want nothing to drop. But sometimes you have to take medication to repair something,” he said.

The Japanese reference Japanese index Nikkei 225 dropped almost 9% at the start of negotiations on Monday, while concerns about a global recession induced by prices continued to tear the markets.

The Nikkei fell up to 8.8% to reach 30,792.74 for the first time since October 2023. Japanese Prime Minister Shigeru Ishiba said on Monday that his government will continue to ask Trump to reduce prices, but said the results “will not arrive in the next day.

“As such, the government must take all the means available” to limit the economic impact on Japan, in particular by providing support for financing to national companies and taking measures to protect jobs, he told Parliament.

Hong Kong and Chinese shares have plunged, with the Hang Kong Hang Seng index down 8% in early trade. The actions of Chinese technology giants Alibaba and Tencent fell by more than 8%.

In South Korea, Exchanges on the Kospi index were interrupted for five minutes at 9:12 am while the actions dropped.

The Taiwan Stock Exchange fell by almost 10% on Monday open, the first day of negotiation since the announcement of the prices due to two days of vacation last week. The falls were motivated by TSMC and Foxconn, and marked the largest daily point and the percentage of recorded loss, according to local media.

Sunday evening, the Taiwan financial regulator had announced limits for sale uncovered, among other measures to maintain stability. Shortly after the opening on Monday, the President of the Stock Exchange, Sherman Lin, said that they would coordinate with the regulator if more measures were necessary.

Australian shares were also sharply lower, with more than $ 160 billion wardrobe at the start of negotiations.

Trump said that he had spoken to leaders from Europe and Asia over the weekend, who hope to convince him to reduce prices that reach 50% and who should come into force this week. “They come to the table. They want to speak, but there is no discussion unless they pay us a lot of money every year,” said Trump.

Trump’s pricing announcement last week made a bypass of savings around the world, triggering reprisals from China and arousing fears of a trade war and a global recession. On Sunday morning, Trump’s best economic advisers sought to portray prices as a wise repositioning of the United States in the world’s order. They also tried to minimize the economic shocks of the tumultuous deployment last week. On Sunday, the term contracts on Wall Street’s actions were openly lower, in a sign of additional turbulence.

The Treasury Secretary, Scott Bessent, said that more than 50 nations had started negotiations with the United States since last Wednesday’s announcement. “He created a maximum lever effect for himself,” said Bessent on NBC News’ Meet the Press. Neither besides the other officials named countries nor offered details on the talks. But negotiating simultaneously with several governments could make a logistical challenge for the Trump administration and extend economic uncertainty.

Bessent said there was “no reason” to anticipate a recession, citing the growth of American jobs stronger than jobs last month, before the prices were announced.

Tony Sycamore, a market analyst at IG in Sydney, said: “Things went from bad to worse this morning. The lack of reaction from Trump and Bessente, in terms of levels of concern, seems to be very, very low in terms of dislocation of the market. If there is no walking back of these announcements, then we started on all liquidity classes.

JP Morgan economists now estimate that prices will lead to a 0.3% drop in gross domestic product in previous year, down compared to a previous estimate of 1.3%, and that the unemployment rate will increase to 5.3% against 4.2% now.

The republican president spent the weekend in Florida, playing golf and publishing a video of his swing on social networks on Sunday.

US customs agents began collecting the unilateral price of 10% of Trump on all imports from many countries on Saturday. Higher “reciprocal” rate rates from 11% to 50% on individual countries should take effect on Wednesday at 12:01 HAE (4 h 01 GMT).

Some governments have already reported a desire to engage with the United States to avoid tasks.

In its first important intervention since the United States inaugurated a new economic era last week, British Prime Minister Keir Starmer said that the government would intervene to support the main British industries. He must announce plans to give manufacturers more flexibility on how they reach a goal to stop sales of new petrol and diesel cars by 2030. Other sectors to be struck by Trump prices should receive support later in the week, the life sciences that should be among them.

Taiwan president, Lai Ching-Te, offered zero tariffs on Sunday as a base for talks with the United States, committing to suppress trade barriers and say that Taiwanese companies would increase their American investments. Israeli Prime Minister Benjamin Netanyahu said he would ask for a reproduction from a 17% tariff on the country’s goods at a meeting scheduled with Trump on Monday.

An Indian government official told Reuters that the country did not plan to retaliate against a 26% rate and that talks were underway with the United States for a possible agreement. In Italy, Prime Minister Giorgia Meloni – an ally of Trump – signed up on Sunday to protect companies that have undergone damage caused by a planned tariff of 20% on European Union goods. The producers of Italian wines and American importers in a wine fair in Verona on Sunday said that business had already slowed down and fears more sustainable damage.

The tariff markets have faced another week of potential disorders after the worst week for American actions since the start of the COVVI-19 crisis five years ago.

The S&P 1500 composite index, among the widest measures on the American market, has been destroyed nearly 10 TN since mid-February, an important blow for millions of American retirement nest eggs.

The economic adviser of the White House, Kevin Hassett, denied that the prices were part of a Trump strategy to crush the financial markets to put pressure on the American federal reserve to reduce interest rates. He said there would be no “political coercion” of the central bank.

Friday, in a social article of truth, Trump shared a video that suggested that his prices aimed to hammer the express stock market in order to force interest rates.

The social media post fueled the world debate on the question of whether Trump’s prices were part of a new permanent tariff regime or simply a negotiation tactic that could lead to the attenuation of prices by other countries.

With Reuters