Donald Trump now causes confusion every day at the world markets with new, adapted or withdrawn rates. The last development: nobody can be spared the US president.
“You would start with all countries,” he said during a flight with the presidential machine Air Force One. “We would speak about all countries.” The global trade conflict, which is increasingly emerging due to the American customs policy, burdened the stock markets of Asia at the start of the week.
The Japanese leading index Nikkei 225 recently fell by around four percent. For the Hang Seng index of the special administrative zone Hong Kong, the most recently fell by 1.7 percent and the CSI-300 index with the most important Chinese mainland shares fell by around one percent.
Trump wants to introduce new customs hammer
Previously, Trump’s business advisor Kevin Hassett Fox Business told that the US government would concentrate on the ten to 15 countries with which the largest weight weights exist. Trump wants to announce a large customs package next Wednesday. Before the date he proclaimed the “Liberation Day” (day of liberation) for the United States.
For the day, Trump recently announced additional rates of 25 percent of all car imports. According to a report from the Sonntag NBC broadcaster, Trump also threatened to occupy the buyers of Russian oil with punishing rates. These would therefore be 25 percent and could come at any time.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
