Trump Tariffes Live Updates: European markets prepared for another terrible day after Asian markets have precipitated

The FTSE 100 index is set to open in a few minutes.

The UK benchmark sank almost 5 % on Friday in what was the worst day of negotiation since the beginning of the Pandemia del Coronavirus at the beginning of 2020.

Hong Kong’s Hang Seng index collapsed more than 12 % in the morning trade, which, if supported, would do for the largest daily fall in the benchmark by the 2008 global financial crisis.

The Chinese Blue-Chip Index has fallen by over 5 % with the sale in almost all sectors, while Chinese yuan has slipped to its lowest value since January and the bonds have highly raised. Beijing is facing 54 % of rates combined on US exports and on Friday he announced retaliation measures, which was a holiday.

The Nikkei 225 Japanese index crashed almost 9 % after opening the market in Tokyo. S&P/ASX 200 Australian fell by over 6 %, while Kospi of South Korea lost 4.4 percent.

Hong Kong’s Hang Seng index has collapsed by over 12 % in the morning trade.

If supported, it will mark the largest daily fall of the benchmark from the 2008 global financial crisis.

The president of the United States Donald Trump warned foreign governments that would have to pay “a lot of money” to raise radical rates, characterizing duties as “medicine” and triggering further carnage through global financial markets on Monday.

Asian actions sank through the Board of Directors and the future of the US equity market swarmed abruptly when investors feared that Trump rates could lead to higher prices, weaker demand and potentially a global recession.

Speaking with journalists aboard the Air Force One on Sunday, Trump indicated that he was not worried about the losses that have already swept via trillion dollars of value by equity markets all over the world.

“I don’t want anything to go down. But sometimes you have to take medicines to repair something,” he said while returning from a weekend of Golf to Florida.

Trump said he talked to Europe and Asia with a leader during the weekend, who hope to convince him to reduce rates up to 50 % due to having effect this week.

“They are coming to the table. They want to speak but there are no speeches if they don’t pay us a lot of money on an annual basis,” said Trump.

The Hong Kong stock market is one of the worst success today, with the Hang Seng index that drops by 12.7 percent starting this afternoon.

Hong Kong is on course for the largest daily fall in the benchmark by the 2008 global financial crisis.

On the mainland, the Shanghai composite index collapsed by 6.34 percent during the opening of the trade.

President Donald Trump is not intentionally trying to arrest the stock market, said the director of the National Economic Council of the White House Kevin Hassett.

Speaking of this week of the ABC on Sunday, Hassett said that the collapse of the stock market following the tariff announcement of Mr. Trump is not “a strategy”.

It was questioned in this regard after Trump shared a video on the social media platform that said the president was causing markets as part of a wider economic plan.

Hassett insisted: “He is not trying to tanneck the market. He is trying to deliver for American workers. It is not a strategy that the markets crash.”

Tokyo’s Nikkei 225 index has lost almost 8 % shortly after opening the market today.

At noon, it dropped by 7.2 percent to 31,337.76.

A circuit switch briefly suspended the trading of Futures Topix (Tokyo Stock Price Index) after a previous drop in future American. An switch is a security mechanism that is used to stop trade when the stock market experiences fluctuations.

Among the greatest losers was Mizuho Financial Group, whose actions are sunk by 11.4 percent. The actions of the UFJ financial group of Mitsubishi have lost 10.7 percent since investors panicked for the way the commercial war could affect the global economy.

The tariff measures of the President of the United States Donald Trump could slow down the economic growth of the euro area of ​​everywhere between 0.5 and 1 percentage, said the governor of the Greek central bank Yannis Stournaras.

The comments of Mr. Stournaras arrive against the background of the countries of the European Union which weighs the approval of a first series of targeted countermeasures up to $ 28 billion of US imports, covering products ranging from dental to diamonds in the next few days.

The 27 nations block must face the import rates of 25 % on steel and aluminum and cars and “mutual” rates of 20 % from Wednesday for almost all others well. In an interview with the Financial timesStournaras warned that the looming risk of global commercial war has triggered a great “shock of negative demand” in the euro area that could weigh heavily on the economic growth of Europe.

“A remarkable negative impact on growth could lead to being much weaker than expected, dragging inflation under our goals,” he said.

A Downing Street spokesman said: “The prime minister spoke to Canada Prime Minister Mark Carley tonight.

“They discussed their commitment to work together to maintain global economic stability following the announcement from the United States this week.

“An all -round commercial war is in anyone’s interest, they agreed.

“Both agreed on the importance of free and open trade among the related nations and the prime minister said that commercial blocks such as the global and progressive agreement for the trans-transfixic partnership will be important in this new global era.

“Prime Minister Carley thanked the Prime Minister for his leadership in Ukraine and reaffirmed his commitment for Canada who plays a role in the coalition of will.

“Looking forward, the prime minister said he couldn’t wait to travel to Canada for the top of the G7 in June. They agreed to stay in close contact.”

India does not plan to take revenge against the 26 % tariff of the President of the United States Donald Trump on imports from the Asian nation, said an official of the Indian government, citing in progress for an agreement between the countries.

The administration of Prime Minister Narendra Modi Modi examined a clause of the Trump tariff order that offers a possible suspension for commercial partners who “adopt significant measures to remedy the non -mutual commercial agreements,” said the official to Reuters.

New Delhi sees an advantage in being one of the first nations to have started in talks on a commercial agreement with Washington and is in a better position than Asian peers such as China, Vietnam and Indonesia, which have been affected by higher American rates.