Global markets in Riplay as Trump Tariffs wipe 2.5 TN from Wall Street Global economy star-news.press/wp

Global financial markets are imminent as Donald Trump escalating trade war knocked trillion dollars with the value of the world’s largest companies and amplified fears from the American recession.

As world leaders reacted to the Tariff Policy “Liberation Day for the Osnobska President” destroying the International Trade Order, about 2.5 TN (1,9Tn) was deleted from Wall Street and shares prices in other financial centers around the world.

Experts said that Trump’s border taxes between 10% and 50% in the United States and the U.S. enemies dramatically added the risk of steep global fall and recession in the world’s largest economy.

World leaders from Brussels to Beijing rounded Trump. China condemned “unilateral harassment” practice, and the EU said he pulled out the countermeasures.

While Trump encouraged his Wednesday Večernj Rosewash, to avoid living the freaks of the expeller of the Stock Exchange, which fate arrived when Asian exchanges opened hours later.

Draw comparisons with shopping cruises at the height of the coronavirus pandemic and financial collapse for 2008. year, the sale swallowed globe, sending exchange in Asia and Europe. United Kingdom FTSE 100 Exped Of Blue-Chip Company closed the day to 133 points, or 1.5%, to 8,474 after suffering its worst day since August.

All three main American markets were below at the end of trading in its worst day from 2020. year, during the insight pandemic. Tech-Heavy Nasdaq fell 5.97%, while S & P 500 and Dow fell 4.8%, ie 3.9%. Apple and Nvidia, the two largest US value companies, lost the combined 470 billion values ​​until noon.

Libby Crantrill, Head of American Public Policy in Pimac, one of the world’s largest fund managers, said investors were increasingly worried, because Trump did not want to alleviate hope for softening hopes.

“It is probably a limit to how much pain and his administration are willing to endure to rebalance the economy, but when it is or what seems to be left to see,” she said.

“For now, we should assume that his tolerance on pain is quite high and that tariffs are not kept for a while.”

The US dollar hit six-month low, drop 2.2% on Thursday morning, in the middle of a growing loss in the currency that previously considered the world’s safest in the world most of the last century.

Clients warn that the “Dollar Confidence Crisis” was kept, George Saravelos, the Department of Foreign Exploration in Deutsche Bank, said: “Special properties of dollar dollars are eroded.”

The most difficult falls in stock prices on Thursday were reserved for American companies with complex international supply chains that stretch into countries that trump aims of billions of dollars in fresh tax.

Apple, which most of their iPhones, tablets and other US market, decreased by 9.5% near trading, and there were steeplows for other large multinational, including Microsoft, Nvidia, Dell and HP.

The goods fell sharply, including 7% immersion in oil prices, reflecting growing concerns due to global economic prospects.

Speaking to journalists on Thursday, Trump said, “I think it’s very good. It was a patient-like operation and it’s a big deal. It will never see something. The earth goes into the boom.”

Trump later said: “Every country is calling us. It’s the beauty of what we do. To ask those countries to make us a favor to make us a favor to say no. Now they will do something for us.”

Over the last 24 hours, the trump cards faced American legislators and global leaders over their heading, with the High Republican Senator Mitch McConnell, calling him “a traditional American ally – called the tariffs” unjustifically “and” unwanted “.

Tariffs will fall strongly on some of the world’s poorest countries, with nations in Southeast Asia, including Myanmar, among the most affected.

Cambodia, where about one of the five inhabitants lives below the poverty line, was the worst country in the region with a tariff rate of 49%. Vietnam faces 46% of tariffs and minimar, finding from the devastating earthquake and year of the civil war after military strike in 2021. year, was affected by 44%.

Analysts have warned that clothing and sports products for shoes, which are largely relied on production in Southeast Asia, are faced with growing costs, which will increase prices for consumers around the world. The prices of Nike, Adidas and Puma are all steeply fell.

Analysts said that Trump measures would increase the average tariff or border tax, accused of us at the highest level of 1933. years, in the development that threatened that the United States would bear in recession, and in the growing costs of living for consumers.

Trump plans include imposing 10% tariffs on all American trade partners from unbundious 5. April, before the countries impts additional larger tariffs to 50%, including China, Vietnam and the EU.

Non-Partizan Tax Foundation Thinkkank said that the plan would be to represent “US tax consignment in US $, which would import import to decrease for more than a quarter or 900 billion dollars, in 2025. Years. Years.

Although measures will hardly guess, researchers at Oxford’s consulting economy have said that they could convey global economic growth to the lowest annual rate of the financial crisis for 2008. year, ban on the pandemic amount.

The countries were abolished to assess the relegation and will revenge. The United Kingdom, which is affected by the lowest level of 10% tariffs, suggested that it could be revenge on even as a contract with Washington.

He posted a List of page with 417 pages From American products where tariffs could imposed on, including meat, fish and dairy products, whiskey, clothes, motorcycles and musical instruments.

Business Secretary, Jonathan Reynolds, said the ministers were still persecuting economic work with the U.S. as a priority, but we book the right to take any action we deem necessary if the deal is not secured. “

The French president, Emmanuel Macron said that the Trump’s decision on the tariff of 20% on the goods of the EU was “brutal and unfounded”, while Germany’s exit, Olaf Scholz, called “basically wrong.”

Spanish Prime Minister Pedro Sánchez said that “protectionist” tariffs jogged “the opposite interests of millions of citizens on this side of Atlantic and in the United States.”

They are considered to prepare retarded tariffs on American consumer and industrial goods – will probably include emblematic products such as orange juice and motorcycles that were announced in the middle of April and aluminums previously announced by Trump.