Trump defiant as tariffs send world markets into panic

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Wall Street led the global market raids on Thursday when countries around the world refrained from President Donald Trump’s trade war, while the White House insisted that the US economy would be victorious.

Waves of trauma in the United States, Europe and Asia’s markets after Trump’s tariffs were torn down, as foreign leaders indicated the preparations for the talks, but also threatened the counter tariff.

Since 2020, S&P 500 has reduced its biggest loss by 4.8 %. Tech -rich Nice Deck dropped 6.0 % and Dow Jones 4.0 %.

Tokyo’s key Nikki 225 index was 1.8 percent in the initial trade on Friday.

Trump slapped 10 % of import duty on all countries and excessive tariffs on imports from dozens of specific countries – including high trade partners China and the European Union.

There were also 25 % separate taxes on all foreign -made cars, and Canada rapidly responded with similar revenue on US imports.

Stunts – Jeep, Chriscellor and Fayat owner – some stopped production in Canada and Mexican assembly plants.

Trump rejected the riot and insisted on reporters that he had left at his Florida Golf Resort at the end of the week that the stock would “rise.”

Vice President JD Venus, in an interview with News Max, also demonstrated the uproar of the market.

Venus said, “I clearly thought in some ways that it could be damaged in the markets, because it was a huge transfer.”

‘Trust Donald Trump’

Trump says he wants to free the United States from relying on foreign manufacturers, which has widely given a new look that he has described as a medical mechanism.

The 78 -year -old president said of the market’s reaction, “It is expected.” “The patient was very ill. The economy was very upset.”

“It went through an operation. It is about to become a rising economy. It is going to be amazing.”

Secretary Commerce Howard Lotnik emphasized patience, among the screams of protests abroad and even some of Trump’s Republicans, who fears the price increase in the house.

“Let Donald Trump run the global economy,” Lutink said to CNN. They know what they are doing. “

Trump saved some heavy attackers for him, which he called nations that treat us badly.

This includes an additional 34 % of Chinese goods – which has reached the new additional tariff rate to 54 % there.

The figures for the European Union on Japan were 20 % and 24 %.

China demanded that the prices be canceled immediately and vowed to retaliate, while France and Germany warned that the European Union could overtake US -tech firms.

French President Emmanuel Macron demanded the suspension of investment in the United States until he “brutally” new rates.

IMF chief Kristina Georgia said the prices “have clearly represented a significant threat to the global approach.”

He appealed to Washington and its commercial partners to work “constructively” to solve stress and reduce uncertainty.

Gold-a safe air investment-a new record price hit, oil fell and dollars fell against other major currencies.

Global Economic ‘Somo Wrestler’

The head of the World Trade Organization, Nagozi Okonjo-Ivila, who helps to handle global trade, has warned that this year could lead to “1 % of global trade quantities”.

Republican Senator Mach McConnell broke the ranks with Trump, calling the prices a “bad policy”.

McConnel said that to protect the long -term prosperity, “we need to work with our allies, not against them.”

Trump has said he will talk “as long as he is giving something that is good.”

The European Union and other countries of 27 countries have tried to negotiate with the immediate retaliation.

Beijing said it was “maintaining communication” with Washington on trade issues, and European Union trade chief Maros Saifkoich intended to talk to US counterparts on Friday.

But White House spokesman Karoline Levit told CNN earlier that the president made it clear that “this is not a dialogue.”

And Lutink also hit a tough line and said, “You can’t really fight the United States.”

“You’re going to lose. We are the wrestlers of this world.”