Asian actions have sank again on Wednesday while the last set of American rates, including a 104% levy on Chinese imports, has entered into force.
The highly higher prices triggered after midnight in the East in the United States, even if investors do not know what to do with President Donald Trump trade war.
Tuesday, the S&P 500 dropped 1.6% after destroying a early gain 4.1%. This took almost 19% below its record in February. The industrial average of Dow Jones dropped by 0.8%, while the NASDAQ composite lost 2.1%. Uncertainty is always raised on what President Donald Trump will do with his trade war.
More Balance from top to bottom Because the financial markets are excluded given the uncertainty as to the duration of the duration of Trump to keep the prices rigorous on imports, which will increase the prices of American buyers and slow down the economy. If they last a long time, economists and investors expect them to cause a recession. If Trump lowers them by negotiations relatively quickly, the worst case could be avoided.
What to know:
- Canada retaliated with 25% car rates: Canada says it implements reprisal rates on Wednesday after midnight on Wednesday. The country will put a 25% tariff on automotive imports from the United States which does not respect the USMCA, the 2019 North American commercial pact set up during Trump’s first mandate.
- China threatens to retaliate against Trump’s new prices: China said it would “fight until the end” and take countermeasures against the United States to protect its own interests after Trump threatened An additional 50% rate on Chinese imports.
- Us Trade Rep said that Trump prices obtain results: US trade representative Jamieson Greer testified before the Senate finance committee that “About 50 ” country Trump’s import prices have so far asked to escape. Import taxes are designed to reduce the massive trade deficits of America, but Greer has conceded that adjustment could “be difficult sometimes”.
