Global markets in turmoil while Trump rates cancel £ 1.5 TN from Wall Street | Global economy

The global financial markets were immersed in disorders while Donald Trump’s growing commercial war scored trillion dollars from the value of the largest companies in the world and intensified the fears of an American recession.

While the world leaders reacted to the tariff policies of the “liberation day” of the president who demolished the international negotiation order, about $ 2TN (£ 1.5 TN) were swept away by Wall Street and the prices of actions in other financial centers all over the world.

The experts said that the Trump border roots between 10% and 50% on the allies and traditional American enemies had significantly added to the risk of a steep global recession and a recession in the largest world economy.

The world leaders from Brussels to Beijing rounded up Trump, with China condemnation “unilateral bullying” Practices and the EU saying that it was developing countermeasures.

While Trump timed his speech on the Wednesday evening roseto to avoid the live ticker of equity markets, that fate came when Asian exchanges opened hours later.

Making comparisons with the crash of the market testified to the culmination of the Pandemia del Coronavirus and the 2008 financial collapse, the Sell-off swept the globe, sending exchanges diving into Asia and Europe. THE FTSE 100 Blu-Chip company indices closed the day down 133 points, or 1.5%, at 8,474 after having undergone the worst day since August.

When the New York trading opened, the S&P 500 index of the main US companies dropped by 4.3% in morning trading, with the heavy technology Nasdaq It finances 5.1%.

Libby Cantrill, the head of the US public policies of Pimco, the largest manager of bonds in the world, said that investors were increasingly worried since Trump seemed to be willing to soften his position in the face of the tumult of the market, although hope remained that in the end he would close agreements with the US commercial partners.

“There is probably a limit to how much pain he and his administration are willing to endure to rebalance the economy, but when it is or what seems to have been to see,” he said.

“For now, we should assume that his pain tolerance is quite high and that the rates remain for a while.”

In the meantime, the US dollar has touched a minimum of six months, decreasing by about 2.2% on Thursday morning, in the midst of a growing loss of trust in a currency that had previously been considered the safest in the world for most of the last century.

NOTICE Customers to be careful of a “crisis of trust in dollars”, George SaVelos, head of research in foreign currency at the Deutsche Bank, said: “The properties safe of the dollar are eroded”.

Thursday the heaviest falls of the prices of shares have been reserved for US companies with complex international supply chains that extend to the countries that Trump is targeting with billions of dollars in fresh borders.

Apple, which produces most of its iPhones, tablets and other devices for the US market in China, collapsed up to 9.5%, together with steep drops for other large multinationals including Microsoft, Nvidia, Dell and HP.

The goods decreased abruptly, including a 7% dip of oil prices, which reflected growing concerns for global economic prospects.

Thursday, in a typically rebellious response, Trump used his social platform of truth to declare that his plan worked. “The operation is over! The patient has lived and is healing. The prognosis is that the patient will be much stronger, bigger, better and more resilient than ever. Make America again !!!”

The rates will fall heavily on some of the poorest countries in the world, with nations in Southeast Asia, including Myanmar, among the most affected.

Cambodia, where about one in five of the population lives below the poverty threshold, was the worst country in the region with a tariff rate of 49%. Vietnam deals with 46% rates and Myanmar, Welcoming from a devastating earthquake And years of civil war after a military coup d’état of 2021, they were affected with 44%.

Analysts have warned that manufacturers of clothing and sports shoes, which are based heavily on production in Southeast Asia, face the increasing costs, which will increase prices for consumers all over the world. Nike’s share prices, Adidas and Puma have decreased steeply.

Analysts said that Trump’s measures would increase the average rate, or the border tax, charged by the United States at the highest level since 1933, in a development that has threatened to sink the United States in recession by increasing living costs for consumers.

Trump’s plans provide for the imposition of a 10% rate on all US commercial partners who have recently been midnight on April 5, before further higher rates are imposed up to 50% on countries including China, Vietnam and EU.

The non -partisan tax foundation has declared that it has estimated that the plan would represent a “increase in $ 1.8 TN taxes” for US consumers, which would cause imports of over a quarter, or $ 900 billion, in 2025.

While the measures will hit the United States hard, the researchers of the Oxford consultancy Economy They said they could sink the global economic growth at the lowest annual rate from the 2008 financial crisis, apart from the peak of Pandemia Covidic.

The countries climbed to evaluate the repercussions and whether to take revenge. The United Kingdom, which was hit by the lowest level of the rates of 10%, suggested It could take revenge even if he tries to conclude an agreement with Washington.

Has published a List of 417 pages of the US products on which it could impose rates, including meat, fish and dairy products -caseari, whiskey and rum, clothing, motorcycles and musical instruments.

The commercial secretary, Jonathan Reynolds, told parliamentarians that the ministers were still pursuing an economic agreement with the United States as a priority, but “we reserve the right to undertake any action that we consider necessary if an agreement is not guaranteed”.

The French president, Emmanuel Macron, said that Trump’s decision to impose 20% rates on EU goods was “brutal and unfounded”, while the extroverted chancellor of Germany, Olaf ScholzHe called it “basically wrong”.

Prime Minister of Spain, Pedro SánchezHe said that “protectionist” rates were “contrary to the interests of millions of citizens from this part of the Atlantic and the United States”.

It is thought that the EU is preparing the retaliation rates on US consumers and industrial goods-it will include emblematic products such as orange juice, blue jeans and Harley-Davidson-Da motorcycles announce in mid-April, In response to steel and aluminum rates previously announced by Trump.