Trump reciprocal tariffs spark global sell-off, send markets in turmoil

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NEW YORK/LONDON: The global stock markets have fallen, the US dollar has weakened, and oil prices have raised concerns over global economic misery due to President Donald Trump’s mutual prices, which led to secure assets like bonds and yen.

A new baseline on imported goods, about 10 % tariffs, as well as some eye -catching prices to dozens of countries, which Trump said that there were unfair trade barriers, the traders were shaken by them.

Investors fear that a fully -blowing trade dispute can stimulate a faster global economic slowdown and can advance inflation, the latest phase of US trade prices that affects a global economy, which has led to inflation and inflation.

The euro staged a 1.53 percent rally against the dollar. Against the Japanese yen, the dollar came to 146.15 to weaken 2.07 %.

Technology shares were less than 5 % in the biggest dragis of the day. Apple fell 9.2 %, which is under tariffs on China – most of its manufacturing base. Amazon.com was 7.9 %, Microsoft was less than 1.5 %, and NVIDIA was 6.9 % lower.

After facing problems this year, the losses after trillions of dollars were already eliminated “magnificent seven” tech companies.

The CBOE volatility Index, known as the Wall Street Gauge, touched the height of three weeks at 26.91 points. After the oil prices sank, the S&P 500 energy sector was less than 6 %.

“This is just another chapter of the market in a fast -paced process,” said Bruce Zaro, Managing Director of Granite Wealth Management in Massachusetts’.

He said, “Investors are partially adjusting their approach on the basis of the potential impact of revenue on corporate income, adding,” What we have already seen and continue to see is a severe lack of revenue estimates. It has been running and dragging for some time. “

Dow Jones’s industrial average fell to 1,317.59 points, or 3.12 %, 40,909.33, S&P 500 fell 227.17 points, or 4.01 %, 5,443.80, and the Nes Deck fell from 912.44 points, or 5.18 %, 16,688.61.

MSCI’s stock gauge around the world fell 23.64 points, or 2.83 %, 812.47.

Mutual revenue

In Europe, the European Union block of 27 countries is now facing 20 % mutual imposition. Pan European Stokes 600 Index fell 2.57 %.

Trump’s Levies particularly affected Asia. China was targeted with 34 % bilateral prices, Japan 24 %, South Korea 25 %, and Vietnam 46 %.

In response, Vietnamese stocks decreased by 6.7 percent. Nikki 225 index fell 2.8 %.

“Thus you sabotage the world’s economic engine, claiming to be super -charged,” said Nigel Green, CEO of the Global Financial Advisory Dory Group.

Vietnam’s Prime Minister Fam Minh Chen promised to keep the country’s economic growth at least 8 % for this year, yet the United States imposed its huge rates on exports to the Southeast Asian country.

The uproar for the Ultra Safe Government Bonds, which provides guaranteed income, reduced the production of US Treasury. The benchmark US 10 -year -old Treasury Note fell to 4.004 percent after falling 15.3 twenty points, which is the lowest after October 16. Production on the note has been on the path to its largest daily decline since August 2.

The production of official bonds of the Euro Area declined, with Germany’s 10 -year production D10Yt = RR, the Euro Area Benchmark, after hitting 2.625 % on a 7.5 basis points, after hitting 2.625 %, after March 4, after March 4.

If prices are facing recession, interest rates are likely in central banks around the world, which benefits bonds.

Credit rating agency Fitch warned that he is a “game changer” for the United States and the global economy, while the Deutsche Bank has called them a “once in life” that can knock between 1 % -1.5 % from US growth this year.

“Many countries will potentially suffer from recession,” said Ulo Sonola, head of US economic research. “If this tariff rate lasts for a long time, you can throw most of the predictions out of the door.”

Shortly afterwards, Fich down China’s credit rating, and he cited US prices as a reason.

Oil prices fell, US raw CLC1 with 6.5 % less than $ 67.05 a barrel and Brent LCOC1 at 70.27, which is 6.24 % this day.