Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The shares of the United States at its lowest levels since President Donald Trump has sworn in two weeks, and other global financial markets fell after he requested the customs tariff for Canada, Mexico and China while world leaders responded to his threats to expand the scope of customs tariffs to the European Union like well.
The standard S& P 500 index on Monday fell by 1.7 percent in the opening bell in the wake of the largest daily losses for this year on a series of Asian and European Porters due to fears of economically harmful trade war.
Trump said that his definitions on the three largest commercial partners in the United States, who were supposed to enter on Tuesday, could cause some American pain in the short term, but “in the long run, the United States has broken out by every country in the world.” .
Later on Monday, Trump said he would stop the new customs tariffs on Mexico for one month after Mexico agreed to enhance its borders with the United States with 10,000 National Guard officers to stop the flow of illegal drugs, especially Fintanel.
Mexican President Claudia Shinbum said the agreement also includes an American commitment to act to prevent trafficking with high -energy weapons to Mexico. The two leaders spoke over the phone on Monday, just hours before the customs tariffs on Mexico, China and Canada, you will live.
Trump said that the two countries will use temporary suspension for a month to participate in other negotiations.
Speaking in Washington, DC, on Sunday, after returning from the property of Mar Lago in Florida, Trump indicated that the 27 European Union will be the next in the shooting line, but he did not say when.
“They do not take our cars. They don’t take our agricultural products. He told reporters,” They take almost nothing, and we take everything from them. “
European Union leaders said at an informal summit in Brussels on Monday that Europe would be ready to respond if the United States imposes definitions, but also called for reason and negotiations.
Trump hinted that Britain, who left the European Union in 2020, may be drifted in the tariff, saying: “I think one can be placed.”
The United States is the largest commercial partner and investment in the European Union. According to the Eurostat data from 2023, the United States had a deficit of 155.8 billion euros ($ 161.6 billion) with the European Union in the merchandise trade, met by a surplus of 104 billion euros (107.6 billion dollars) in services.
The head of the European Union’s foreign policy, Kaja Calas, said that there were no winners in a commercial war, and if one erupted between Europe and the United States, “then laughing on the side is China.”
Faying markets
Trump said on Monday that he spoke with Canadian Prime Minister Justin Trudeau and would do so again at 3 pm (20:00 GMT).
Canada and Mexico announced a retaliatory tariff for the United States.
Economists said that the Republican President’s plan to impose a 25 percent tariff fees on Canada and Mexico and 10 percent of the tariffs on China will slow down global growth and lead to high prices of Americans.
Fear is that these definitions will increase prices on grocery stores, electronics and all other types of elements of American families, which leads to an upward pressure on the rate of American inflation, which has been slowly slowing since its peak for nearly three years. High or accelerated inflation can prevent a stubborn American federal reserve from lowering interest rates, which began to do in September to give the local economy a batch.
Trump has argued that it is necessary to reduce migration and drug trafficking and motivate local industries.
On Monday, the financial market reaction reflected concerns about the repercussions of the trade war. The stocks in Tokyo ended today by approximately 3 percent, and the Australia standard – often a Chinese market agent – has decreased by 1.8 percent. The Chinese mainland market for the new moon moon has been closed.
About lunch time in Europe, the DAX index in Germany decreased by 1.8 percent, as CAC fell from France by 1.9 percent and FTSE 100 in Britain by 1.5 percent.
The Chinese yuan, the Canadian dollar, and the Mexican bizo are all fell for a high dollar. With the sources of Canada and Mexico, oil prices jumped in the United States, American oil prices jumped by more than 1 percent, while future gasoline contracts increased by approximately 3 percent.
Analysts wrote that the Trump tariff would cover nearly half of the United States’ imports and will require more than twice its manufacturing output to cover the gap – a task that is not possible in the short term.
Other analysts said that the customs tariff can throw Canada and Mexico in stagnation and lead to “stagnation” – high inflation, stagnant growth and high unemployment – at home.
In Europe, economists at Deutsche Bank said they are currently studying 0.5 percent to GDP (GDP) if Trump imposes 10 percent on the European Union.
The state of national emergency
The White House reality newspaper has not given any details about what Canada, Mexico and China will need to do to win a return.
Trump promised to maintain the sanctions in his place, even what he described as a national emergency on fentanel, fatal philosophers, and illegal immigration to the United States.
China has described the problem of Ventanel America and said it would challenge the definitions of the World Trade Organization and take other counter -measures, but it left the door open to the talks.
Canada said it would take legal measures under international bodies related to defiance.
The car manufacturer will be particularly difficult with a new tariff on the vehicles built in Canada and Mexico, a vast regional supply chain explodes in which parts can cross the border several times before the final assembly. Ford and Granur Motors shares decreased by 4 percent to 5 percent.
The shares in Volkswagen, Porsche, Setilantis and Daimler were all 5 percent to 6 percent in European trading on Monday.
Stifel analysts have estimated that 8 billion euros (8.2 billion dollars) of VW revenue will be affected by tariffs and 16 billion euros ($ 16.5 billion) in Stelantis.
