Trump is digging on prices while the world’s stock markets come into free fall | Economy

The President of the United States, Donald Trump, postponed the market disorders caused by his radical prices, compare the measures to “medicine” while panicked investors pursued a massive sale of global actions.

“I don’t want nothing to decline, but sometimes you have to take medication to repair something,” Trump told journalists on the Air Force One on Sunday.

“We were so badly treated by other countries because we had stupid leadership that allowed it to happen. They took our businesses, they took our money, they took our jobs. ”

By digging on his so-called “reciprocal prices”, Trump said that he would not back down at less than other countries balance their profession with the United States.

The American president said that he had spoken with many foreign leaders during the weekend who “died of the desire to conclude an agreement”.

“I said,” We will not have deficits with your country, “said Trump.

“We are not going to do this, because, for me, a deficit is a loss. We are going to have surpluses or, at worst, we will even break. ”

Trump’s comments came when global actions continued to fall among the fears of a world trade war and an economic slowdown.

The reference of Taiwan, Taiex and Hong Kong, Hang Seng plunged around 10% on Monday, while the Nikkei 225 in Japan plunged almost 9%.

In Singapore, the Times Straits index dropped more than 7%.

South Korea Kospi has dropped by more than 5%, while ASX 200 in Australia dropped by around 6%.

American actions were set for new reduced losses when Wall Street Rouvre, following a two -day rout last week which wiped out more than 6 billions of dollars in market value.

The term contracts linked to the S & P500 reference fell 2.70% on Sunday, while those linked to the NASDAQ-100 of the technology were down 3.55%.

The United States began to impose a reference rate of 10% on imports on Sunday, with higher rights between 11% and 50% to take effect against dozens of countries on Wednesday.

The higher prices should knock on both the rivals and the American allies.

China, the main strategic rival in the United States and its third trading partner, faces a rate of 34%, while the European Union, Japan and South Korea are preparing at prices between 20 and 25%.

Reprisal measures

Last week, China announced a series of countermeasures, including a 34% rate on all American imports and export restrictions of certain critical minerals, while the EU is preparing a list of American imports to target with higher rights.

Trump said on Sunday that he was ready to negotiate with China, but that any agreement would depend on the country eliminating its significant trade surplus with the United States.

“We have a huge problem of deficit with China,” said Trump.

Some of the other trade partners in the United States, including the United Kingdom, Australia, Indonesia and Taiwan, have excluded tit-form measures at the moment.

Israeli Prime Minister Benjamin Netanyahu is expected to become the first world leader on Monday to raise the prices with Trump face to face when he will have his second visit to the White House since the election of the American president of January.

“The two will discuss the issue of prices, efforts to return our hostages, Israeli-Turkey relations, the Iranian threat and the battle against the International Criminal Court,” Netanyahu’s office said in a statement.

In the midst of market problems, analysts have greatly increased the chances that the United States will enter a recession over the next 12 months.

Last week, JPMorgan increased the probability of a 60%American recession, while S&P Global put the probability between 30 and 35%.

“The size and disruptive impact of American trade policies, if they were supported, would be sufficient to give an American expansion still in good health and a global expansion in the recession,” said Bruce Kasman, head of the economic research of JPMorgan, “there will be blood”.

Lawrence Summers, who was secretary of the Treasury to former American president Bill Clinton, said the markets reacted to “what could be the most damaging economic policy” adopted by the United States since the Second World War.

“What is happening in the future markets now suggests that there is a real disappointment that the president doubles his mistakes,” said Summers on X.

Trump administration officials played the risk of an economic slowdown despite the chaos on the market.

“There must not be a recession … who knows how the market will react in a day, in a week,” the US Secretary of the Treasury Scott Bessent told NBC on Sunday.

“What we are considering is to build the long -term economic fundamentals of prosperity, and I think that the previous administration had put us in progress on financial calamity.”