Global stock exchanges extended a serious fall on Monday, encouraged by the fear that US tariffs will lead to global slowdown in the economic economy. European and Asian shares recorded dramatic losses, the leading American index flirted with the Territory of Bear Market Territory before the market, and oil prices collapsed.

A huge sale in the risk assets at the beginning of the commercial week is followed by the announcement of President Donald Trump about sharp larger US import taxes and retaliating from China, in which the markets suddenly fell on Thursday and Friday.

Late on Sunday, Trump repeated his determination, saying, “Sometimes you have to take the medicine to fix something.”

Watch L Trump Proste despite the market reaction:

‘Your question is so stupid’: Trump defends tariffs despite collapse on the market

US President Donald Trump again defended his tariffs despite continuous chaos in the global market. On Air Force, Trump broke the journalist, saying, “Your question is so stupid. I don’t want to get anything down, but sometimes you have to take the medicine to fix something.”

The American future signaled further weakness before us. They lost 3.4 percent for the S&P 500, while the industrial average Dow Jones broke into 3.1 percent. The future for Nasdaq lost 5.3 percent.

Some countries, South Korea and Pakistan among them said they were soon sending trade officers in Washington to try to seek clarity.

However, the German Minister of Economy, Robert Habeck, was defying when he arrived at the Minister of Ministers of the European Unic in Luxembourg, saying that the premise of wide tariffs was “nonsense” and attempts to win the exemption in the past.

It is important that the EU is kept together, he said. That “means to be clear that we are in a strong position – America is in a position of weakness.”

Trump justified the tariffs as a matter of resolving US trade deficits – which most economists say is not a sign of economic health by itself. In the case of Canada and Mexico, he sought to use tariffs to try to suppress the flow of fental in the United States, although drugs from Canada to the US are relatively low.

JPMORGAN CHAMPORY CEO JAMIE DIMON, in his long -term annual note to shareholders early on Monday, warned investors that unrest caused by US tariffs and global trade war could slow the growth of the world’s largest economy, encourage inflation and potentially lead to permanent negative consequences.

“The faster this problem is solved, the better because some of the negative effects are cumulatively increasing over time and it would be difficult to reverse,” the executive director wrote.

JPMORGAN economists have increased the risk of now -a global recession this year to 60 percent from 40 percent after Trump has unveiled the strictest trade barriers in over 100 years in over 100 years.

Dimon said in January that the critics of Trump’s tariffs should have “overcome”, although he allowed at a time when he would have to spend carefully.

Flirting with bear territory

If the losses of the future before the market are realized when the US market is opened, the S&P 500 will enter the bear market as a decline more than 20 percent from the top. The index was 17.4 percent from the end of last week.

US federal reserves could mitigate the tariff to the US economy by reducing interest rates, for which Trump claimed early on Monday on Monday. This can encourage companies and households to borrow and consume. But Feda Jerome Powell said on Friday that higher tariffs could increase the expectations for inflation, and lower rates can stimulate even higher prices.

On Friday, the worst crisis in the market since the Coid-19 pandemic has shifted to a higher gear because the S&P 500 has fallen six percent and DOW has dropped 5.5 percent. Nasdaq composite dropped 3.8 percent.

“There are no signs yet that the markets are finding the bottom and starting to stabilize,” Deutsche Bank wrote in the research note.

Chinese markets often do not follow global trends, but they have collapsed. Hong Kong lowered Hang Seng 13.2 percent, while the Shanghai composite index lost 7.3 percent. Taiex fell 9.7 percent in Taiovan, while the South Korean Kospi lost 5.6 percent.

On Monday, Beijing achieved a note of confidence even while the markets in Hong Kong and Shanghai collapsed. The folk everyday, official oral of the Communist Party, had strong words.

“The sky will not fall,” he said, even if US tariffs have an impact. “Faced with non -elective impacts of US taxes, we know what we are doing and we have tools available,” he added.

Oil prices fall

The markets in the Middle East collapsed on Monday as they fought with a double -hit new tariff policy of the United States and a sudden drop in oil prices.

Benchmark Brent raw oil has been reduced by almost 15 percent in the last five days of trading, and oil barrel has cost just over $ 63. This fell almost 30 percent compared to the year before.

This cost of barrel is far lower than the estimated price for Saudi Arabia and most of the other countries that produce energy in the Middle East. This is related to the new tariffs, in which the Council of the Bay of Bay Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates hit 10 percent of tariffs.

“With these measures and the expected retaliation that could adopt other countries, the stability and predictability of international trade could be undermined,” PWC accounting company said in the Blidist Customers.

The Nikkei 225 Tokyo Index closed 7.8 percent. The European shares followed the Asian markets below, led by the German Dax Index, which briefly fell more than 10 percent outdoors on Frankfurt exchange, but returned a country to transfer to 5.8 percent in morning trade.