Global stocks fall and government bonds are rallyed on Thursday after giving up on new tariffs in Donald Trumpeta left the world in a full battle of trading war.

Benchmark Stoxx Europe 600 index falls 1.8 percent in the late morning, after an uphill falls into the goods of trackets and bunduries and greens in German. Futures tracks S & P 500 and NASDAQ fell to 3.4 percent and 3.8 percent, indeed.

The dollar has fallen 2.1 percent against a basket of peers as investors about the impact of US economy and price for many federal rate cuts.

Trump’s aggressive trade policy, which he placed in the center of the second term in the White House, has been hit by the stocks in the first quarter, but investors said the new set of tariffs announced Wednesday.

“It’s worse than expected, no sugar coating it,” says Zhikai Chen, head in the global summing market equient in bnibas asset management.

Trump says a level of 10 percent available to almost all imports to us from April 5, and those countries, including China, the “Restore” robot “” tariff “”

In a sign of anxiety to investors in potential US economy damage from tariffs, traders began to fix a year from federal markets in federal markets. Until Wednesday, investors grow up in three cuts.