Trump is provocative while the price moves the royal markets a second day

Two days after President Trump announced his extended world prices, the United States faced the large-scale and painful return, while China retaliated against American goods and the markets fell again on the concerns of a persistent and harmful trade war.

No part of the world economy seems to be unscathed while the world was preparing for Mr. Trump to start imposing his almost crossed taxes on imports on Saturday, marking the first salvo in a potentially expensive trade conflict that the president vigorously defended.

China, which Trump has already reached 20%prices, announced its intention to retaliate. Beijing promised to impose a rate of 34% on American products next week, including agricultural products. China has calibrated its prices to match Mr. Trump’s decision to add a 34% tax to Chinese imports.

Tit-for-tat gave the financial markets to the financial market, as Wall Street counted with the growing chances of a global commercial sampling escalation. At the closing bell, the S&P 500 had dropped by almost 6%, bringing it closer to a lower market, a term of Wall Street widely used for a drop of at least 20% of its peak. The Nasdaq, heavy with technology, fell 5.8%, pushing it into the territory of the bear market.

While China was targeting the United States, Ngozi Okonjo-Iweala, Director General of the World Trade Organization, warned on Friday against a “cycle of reprisals which lead to a new drop in trade”. In the United States, Jerome H. Powell, the president of the federal reserve, has struck his own slowdown on the unpredictable trajectory of the economy.

“Although uncertainty remains high, it now becomes clear that pricing increases will be considerably greater than expected,” said Powell. “The same goes for economic effects, which will include higher inflation and slower growth.”