Volatility enters the world’s stock markets as Trump insists on the “drug” tariff | Global economy

Monday, extreme volatility tormented the world’s stock markets, with Wall Street which swing in and outside the reds, while Donald Trump challenged the warnings struck by the fact that his world commercial assault will cause generalized economic damage, comparing the new American tariffs to medicine.

In Wall Street, the S&P Benchmark fell up to 4.1% – entering the bear market territory after falling by more than 20% of its last peak, in February – before launching an extraordinary reversal to become positive.

While the markets were stimulated by a complaint by Kevin Hassett, director of the National Economic Council of the White House, that Trump was considering a 90 -day break on prices for all countries but China, relief did not last long. In the middle of the morning, the S&P had lost all its earnings and was exchanged 1.4%.

While the turmoil was heading for a second week, the industrial average of Dow Jones fell 1.5%.

The FTSE 100 lost 2.4% in London after the Nikkei 225 fell 7.8% in Tokyo.

Trump, who previously used market gatherings as a barometer of his success, tried to brush the sale this weekend. “I don’t want nothing to decline,” said US president on Sunday. “But sometimes you need to take medication to repair something.”

It was held firm on Monday. “The United States has a chance to do something that should have been done decades ago,” wrote Trump on his social platform Truth. “Don’t be weak!” Don’t be stupid! “

The main sharing indices have decreased since it revealed its controversial plan to revise the US economy last week. The Trump administration has imposed a 10% coverage rate on imported goods this weekend and should follow with higher prices on specific Nations products on Wednesday.

While the senior figures of the America company have hesitated to criticize Trump since its inauguration in January, a handful has started to ring the alarm in recent days.

The boss of Jpmorgan Chase, Jamie Dimon, one of Wall Street’s most influential executives, warned Monday that Trump’s pricing plan was “likely” to exacerbate inflation. “Whether the price menu causes or not a recession remains in question, but it will slow growth,” he wrote shareholders in his annual letter.

Dimon added: “The more this problem is solved, the better because some negative effects increase cumulatively over time and would be difficult to reverse.”

The director of the billionaire Bill Ackman, who supported Trump’s campaign for the presidency, also demanded that the administration would reconsider its plan. “We are heading for a self-induced economic nuclear winter,” he wrote on X, formerly Twitter.

Peter Navarro, Trump’s best sales advisor, insisted in a television interview on Monday morning that the market would find a substance. Less than an hour later, when New York opened its doors for trade, and research continued.

The NASDAQ composite focused on technology started the day down 4.3%before becoming briefly positive. In the middle of the morning, it dropped by 0.7%. The VIX “fear index” of volatility has increased by 60 for the first time since August.

Oil prices have also been under pressure, Brent and WTI benchmarks leaning up at their lowest levels in four years, because growing economic tensions between Washington and Beijing have fueled the fears that global slowdown calls into question.