What has happened so farPosted at 00:57 British Summer hour April 8
Sakshi Venkatraman
New York reports
Watch: Three things to know about the announcement of Trump’s prices
On April 2, US President Donald Trump unveiled a multitude of aggressive prices on imports from almost all countries in the world, sending shock through the world markets.
It has targeted all countries with a standard rate of 10%, but for some of the largest trade partners in America, this number was much higher.
China was struck by a rate of 54%, for example (although this included certain previous prices that Trump had ordered).
What followed was the worst week that the world stock market has known since the cocovio pandemic.
The three main American indices fell, lowering more than 5%. Some Asian actions have had their worst decline for decades.
World leaders are now rushing to answer, some merchants now with Trump to reduce their prices. Others, like China, impose their own reprisals in the United States.
Trump continued to defend the prices, saying on Sunday: “Sometimes you have to take medication to repair something”.
