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World’s shares slipped down, the US future fell and Wall Street He appeared on the way to the one day the demolition of losses on Friday, as investors numbered the potential costs of the latest series of tariff of US President Donald Trump – including China A disgusting match of 34 -firmly tariffs on imports of all American products.
Trump has announced a minimum tariff of 10 percent on global imports and much higher taxes on products from China, European Union and even smaller countries like Vietnam, slaps with tariffs of 49 percent.
You can read As the tariffs are compared from the highest to the lowest here, and find out more about What are the territories with tariffs uninhabited – or inhabited by pingvins – here.
Everything, from raw oil to large technological stocks to the value of US dollars compared to other currencies, it fell.
Even Gold, the traditionally safe haven that recently hit record maximums, withdrew lower after Trump announced his set of tariff “Liberation Day”, which economists say that it carries the risk of a potentially toxic mixture of weakening economic growth and greater inflation.
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The S&P 500 fell five percent by noon on Friday, leaving his worst day since Covid destroyed the global economy in 2020.
The industrial average of Dow Jones fell over 1800 points, and the Nasdaq composite dropped more than five percent. The Toronto Stock Exchange fell close to five percent by noon.
Even a report on the US labor market was no better to stop the slide.
European shares have seen some of the biggest losses, and the price of raw oil collapses to the lowest level of 2021 because of the care of how a trade war could cause a recession.
With Global News ‘files’ ari rabinovitch.
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