The US President swept fears on Thursday and said the United States had come out “stronger” than before and that the financial markets were soon “prospering”.
But in the near future it is the mouth of wood on Wall Street, where American households massively store their savings.
Billions of dollars increased in smoke: -5.97 % for the NASDAQ index, -4.84 % for the S&P 500 reference index, their worst session since 2020 during Donald Trump’s first mandate.
Companies fucked by investors are those whose production model is in danger because of their dependence on imports from Asia. As clothing (space, -20.38 %) or tech (Apple, -9.25 %).
New customs duties are particularly repressive for China (which was previously focused, will see total taxes on its products by+54 %), Cambodia (+49 %), Vietnam (+46 %) or Bangladesh (+37 %).
The symptom of strong concerns about the upcoming economic slowdown, oil dropped by more than 6 % and gold, active refuge, has experienced new heights.
Asian and European markets dropped strongly during the day (-2.77 % in Tokyo, -3.31 % in Paris).
This new Salvo comes to others, more targeted: +25 % for steel and aluminum, but also from this Thursday +25 % on cars imported to the United States.
Lesotho on the way to Washington
The main business partners of the United States, amazed by the size of the American offensive, which continues in the world trading cards, generally refrained the throwing of the fireplace immediately.
The US Presidency left the door open and warned against any desire for US exports, with the risk of additional customs sanctions.
See too “Obviously ambiguous” Award of Donald Trump
While the French President, Emmanuel Macron, outlined the promoted reaction, Italian Prime Minister Giorgia Meloni said on Thursday evening that it was necessary to have the goal of “lubricating” customs duties “, not (of them) by multiplying” their escalation on both sides of the Atlantic.
Lesotho announced on Thursday that he would send a government delegation to the United States to beg her.
The Secondary Kingdom of South Africa is to pay the most difficult supplement, +50 % of customs duties, with the French archipelago Saint-Pierre-Emiquelon, where the US Presidency reserved independent treatment.
Canada, one of Donald Trump’s favorite goals, did not fulfill new overall duties on Wednesday.
However, a neighbor’s neighbor still pays a growing honor in the trade war, which was opened by Washington, with surcharges that already affect part of its exports. Ottawa decided to tax some American cars in return on Thursday.
“Masochists”
The Protectic White House offensive, without equivalent from the age of 30, passes through a generalized customs right at least 10 % for all imports from April 5 at 04:01 GMT. The increase is planned on April 9 for countries considered especially hostile in commercial affairs.
For example, EU goods take 20 % of additional taxes, increasing to the overall obligations that are already in force.
This year, the US surcharge could reduce the world’s “approximately 1 %” volume trade, said the CEO of the World Trade Organization (WTO) on Thursday.
“Trump’s customs duties are the most expensive and most masochistic that the United States has entered for decades,” the former Minister of Finance on Bill Clinton harassed on Thursday.
Arrival at the car, which came into force on Thursday, has made his first victims notifying Stellantis to suspend production in some factories in Canada and Mexico.
Donald Trump presents overall duties such as a magic wand capable of reindustrialing the country, re -aligning the business balance and moping of budget deficit, the other way around most economists expecting the serious consequences for the US economy.