Trump’s wrong tariff takes markets on a rugged journey
It is scheduled to start on Tuesday on the largest commercial partners in America, which is scheduled to start on Tuesday in the largest commercial partners in America, and a time around the world until some of them are announced.
The New York Times reported that the dollar was strengthening, oil prices rose and the main stock indicators in the United States decreased at the beginning of trading on Monday. The markets in Asia and Europe also decreased after Trump announced a 25 % tariff on imports from Mexico and Canada. It plans a 10 % tariff on Canadian energy products and Chinese goods.
S&P 500 and NASDAQ regained some losses after Claudia Shinbom, President of Mexico, said on Monday that an agreement was reached to delay the customs tariff on Mexican goods for a month. He also recovered the Canadian Bizo and the dollar.
The customs tariff in Canada and China are still on Tuesday. Late Sunday, Trump BBC told the customs tariff “will definitely happen with the European Union” … “very soon.” Other countries that are threatened with definitions in recent weeks include Russia, Denmark and Colombia.
CNBC reported that the shares of companies in the automotive, industrial, retail and beverage industry with highly difficult international supply chains on Monday. Silicon Valley Chip Company Nvidia, Apple and other major technology companies in the Times also decreased.
“The uncertainty at this stage is tremendous-not only how these negotiations will play in the end, but concerns about how this is just a tip of the iceberg and more customs tariffs on the horizon,” BMO management, The Times said.
Leaders in Canada and Mexico said they are planning for revenge definitions on American goods, which raises the possibility of a comprehensive trade war that fears investors that may cause high inflation. The Times newspaper reported that China had planned to file a complaint to the World Trade Organization about the definitions and consider reprisals, according to the Times.
Economists say the Americans may end up noting the increasing costs of a wide range of elements imported from the three countries: vehicles, gas, fruits, vegetables, computers, children’s play, home appliances and more.
Trump said that he “cannot guarantee” that the definitions will not raise prices for consumers, and this feeling has doubled on Sunday.
“Will there be some pain?” he Posted on social media. “Yes, maybe (and maybe no!) But we will make America great again, and everything will be worth the price to be paid.”