The United States began to receive a 10% “base” rate on all imports on Saturday while President Donald Trump urged Americans to “hang hard” after market disorders.
The United Kingdom and France are among hundreds of countries affected and that its leaders said that nothing was outside the table. While China, which was the hardest affected by President Trump’s prices, announced an important reprisal response.
The three main stock market indices in the United States plunged more than 5% on Friday, the S&P 500 lowering almost 6%, caping the worst week for the US stock market since 2020.
In Washington DC, New York and other cities, thousands of people gathered to protest against a range of Trump policies – from the economy to government cups.
Trump described market volatility as “an economic revolution”, which the United States “will win”.
“Hang on, it will not be easy, but the end result will be historic,” he added in an article on Truth Social.
His policy changes have sent shock waves thanks to world supply chains.
In the United Kingdom, the FTSE 100 fell by almost 5% – its steepest in five years, while Asian markets have also dropped and exchanges in Germany and France have been faced with similar declines.
Billionaire Elon Musk, a close ally of Trump and head of the Government Department of Effectiveness (DOGE), said that the United States and Europe could evolve towards a “zero-tale situation”, which could create “a free zone between Europe and North America”.
His comments, made when he went to meet government ministers in Italy, came a few days before the Trump administration presented prices on goods up to 50% on April 9 to what he calls “worst delinquents” for commercial imbalances with the United States.
The EU should be struck by a 20%sample.
During his first mandate, Trump despised a free trade agreement proposed with the EU, called the Trade and Investment partnership, but a bubbling trade war was completed after having threats to threats to threats to threats to threats impose prices on European cars Apart from 2018.
British Prime Minister Sir Keir Starmer had a series of calls with world leaders after the announcement of Trump’s prices on Wednesday.
In a reading published after the conversation of Sir Keir with French President Emmanuel Macron, Downing Street said that the couple “had agreed that a trade war was in anyone’s interests, but nothing should be outside the table”.
Sir Keir and Macron “also share their concerns about economic impact and world security, especially in Southeast Asia”.
China, the second world economy, was the hardest affected by Trump’s “reciprocal prices” towards the nations he deems hostile to the interest of America.
On Friday, Beijing announced 34% reprisal rates on American imports – as Washington imposed on imports from China. Beijing has also filed a complaint against new prices for the World Trade Organization.
In a statement a day later, the Chinese Foreign Ministry urged Washington to “stop using prices as a weapon to remove the economy and trade in China, and stop undergoing the legitimate development rights of the Chinese people”.
In Washington DC and through the United States, around 1,200 demonstrations were to take place on Saturday, marking the biggest day of protest against President Trump and Musk since the White House announced political changes to the way the US government is directed – expanding the power of the executive branch.
The White House has not yet commented on the demonstrations, but Trump was photographed by an AP photographer – excluded from the press pool – with a New York Post number, open to an article on China.
The impact on trade since the implementation of prices has been palpable.
In the United Kingdom, Jaguar Land Rover announced that he would “take a break” all expeditions to the United States Because it works to “solve new trading terms”.
Man United (3-4-2-1): Onana, Mazraoui, Maguire (Lindelof 58), Yoro, Dalot, Casemiro, Ugarte (Mont 71), Dorgu,…
Oakland - A man was stabbed several times on Sunday morning in the Chinatown district,…
The Florida Gators won 24 games during the 2023-24 season and won a seeded n…
The star of "The Sopranos" Lorraine Bracco embraces dating after 70 years.During a recent interview…
The long -term merchants are highly long on Doge, showing a short -term sentence. No…
In today's edition of "celebrities: they are just like us", Mariah Carey has brought her…