China claims that it will not bow to the pressure of the United States after Trump has threatened further rates of 50% – Business live | Trump rates
Opening summary
Hello and welcome to our covering the response of the global stock market to Donald TrumpYesterday there are large commercial rates following the enormous falls on the Asian markets.
Extreme volatility afflicted global share markets Monday, with Wall Street that oscillates inside and outside the red as Trump Challenged Stark warns that his world commercial assault will cause widespread economic damage, comparing new US rates to medicine.
A renewed Sell-off began in Asia, before hitting European actions and reaching the United States. He was briefly reversed among the hopes of a recovery, only Trump threatened China with steep rates, intensifying the pressure on the market.
China said on Monday that she would not arouse threats after Trump promised further rates of 50% on its assets if Beijing had not withdrawn the planned countermeasures.
“We have underlined more than once that China’s pressure or threat is not a right way to engage with us”, Liu PengyuHe said a spokesman for the Beijing embassy in the United States, said Agence-France Presse. “China will firmly skip its legitimate rights and interests”.
The President of the United States subsequently dampened the hopes of a recovery further when he told journalists in the oval office that he “did not look” by making a break with rates to allow negotiations.
During a bilateral meeting with the Israeli Prime Minister, Benjamin NetanyahuTrump was asked if the rates were permanent or open to negotiations. Trump replied: “They can both be true, there may be permanent rates and they can be negotiated”.
“There are things that we need beyond rates, like open borders”, insisted Trump – once again hitting in China, claiming that “China is a closed country” accusing too high rates. He confirmed that the United States were talking about rates with Beijing.
It seems ready to be another rough ride on the markets today. Follow the latest news, reaction and analysis.
Key events
The Nikkei 225 index has now increased by 3%, AFP is reporting.
Nikkei rises to the opening
The average of the Nikkei share of Japan increased by 1.9% after the opening of the Tokyo shares market this morning, Reuters is reporting.
Trump rejects the “zero-zero” tariff proposal of the EU
The European Union declared Monday that she had offered “Zero per Zero” rates at the United States weeks before Trump’s tariff announcement and was in negotiations with the administration.
But Donald Trump He did not seem passionate about the offer, telling journalists that zero zero rates would not happen.
Trump said selling energy to the EU would be a key goal while his administration tries to eliminate a commercial deficit with the block.
“The European Union was very negative for us,” said Trump, accusing European nations of not buying enough US goods.
They will have to buy their energy from us, because they need them and will have to buy it from us. They can buy it: we can eliminate $ 350 billion in a week.
Opening summary
Hello and welcome to our covering the response of the global stock market to Donald TrumpYesterday there are large commercial rates following the enormous falls on the Asian markets.
Extreme volatility afflicted global share markets Monday, with Wall Street that oscillates inside and outside the red as Trump Challenged Stark warns that his world commercial assault will cause widespread economic damage, comparing new US rates to medicine.
A renewed Sell-off began in Asia, before hitting European actions and reaching the United States. He was briefly reversed among the hopes of a recovery, only Trump threatened China with steep rates, intensifying the pressure on the market.
China said on Monday that she would not arouse threats after Trump promised further rates of 50% on its assets if Beijing had not withdrawn the planned countermeasures.
“We have underlined more than once that China’s pressure or threat is not a right way to engage with us”, Liu PengyuHe said a spokesman for the Beijing embassy in the United States, said Agence-France Presse. “China will firmly skip its legitimate rights and interests”.
The President of the United States subsequently dampened the hopes of a recovery further when he told journalists in the oval office that he “did not look” by making a break with rates to allow negotiations.
During a bilateral meeting with the Israeli Prime Minister, Benjamin NetanyahuTrump was asked if the rates were permanent or open to negotiations. Trump replied: “They can both be true, there may be permanent rates and they can be negotiated”.
“There are things that we need beyond rates, like open borders”, insisted Trump – once again hitting in China, claiming that “China is a closed country” accusing too high rates. He confirmed that the United States were talking about rates with Beijing.
It seems ready to be another rough ride on the markets today. Follow the latest news, reaction and analysis.
