Donald Trump defies market tumult and pushes ahead with trade war

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Donald Trump on Tuesday again shook investors worldwide again when he went ahead with a plans for aggressive tariffs on America’s largest trading partners, he spoke of a possible agreement with some of the United States allies.

The equity markets were sharply reduced as Trump traders failed to hit the world before he was hit by a full-grown trade war with the nerves of the Trump traders to hit China with new tariffs in China.

White House officials with Treasury Secretary Scott Besent wanted to talk about possible trade negotiations with South Korea, Japan and other countries on Tuesday – a message that investors expected Trump could soften its position BilioneTrading partners and Republicans in Congress.

However any relief was short -lived because it became clear that Trump is moving forward with a plan to take down an arsenal Tariff Against trading partners, the beginning of a new era of global trade conflict.

In spite of Beijing’s warning from Trump’s tariff from Wednesday, additional tariffs will be included in China that it will “fight in the end” in the case of rapid development trade conflict.

According to the White House Press Secretary Karoline Levit, the world’s second largest economy on Wednesday, the additional 5 percent tariff in China, “will” be “implemented in the previous time.”

“Everyone expects to break the tariffs,” said Peter Tichir, head of the Macro Strategy of the Academy Security. ” “But we just hit the extra increased tariffs in China.

Benchmark S&P 500 Index has increased by more than 1.5 percent in the early trading session, but after the comment of the Levit, 1.6 percent ended with the loss – the drawn day marked the fourth day as a day of intense turmoil. Wall Street Equity. Apple is concerned about its margin about its margin, which has been published in great quantities to China through supply discipline, this week alone has decreased by more than 8 percent alone.

The US 29TN US Treasury Market has also been under increasing sales pressure in the last two days, the cost of taking long -term orrow jums jumps and jumps to jump to the risk at risk.

Wall Street Bank Goldman Shutch said in a note to the client, “The price of the market has been dramatic,” adds to “the joint movement of the US equity and bonds, the estimates of our ‘push’ in the market view of the market are compatible with a large downgrade with the view of US growth.

China’s additional tariff means that exports to the United States will face more than 104 percent of the tariff – it is a level that will be seen as provocative by Beijing, which has already taken revenge with 34 percent tax on US imports and has been removed to its currency devaluation.

In addition to the new China responsibility, the United States will also impose taxes on almost all imports from Wednesday – the “mutual” tariff announced by Trump during its “release day” last week.

This declaration has since surrounded the financial markets, deleting the market price from S&P.

Benchmark West Texas Intermediate Trading in the United States Tuesday Tuesday with a low price of $ 60 on Tuesday, the oil markets also decreased in response to the expectation of severe downturn in global trade – the level that the drillers say that Trump’s ambition will fail American crude supplies increaseThe

The determination of following his super-protestist tariff policies of the US President has reacted intensely from Wall Street, business leaders and some Republican lawmakers.

Trump’s own circle has also opened the divisions and the trade war and economic disruptions have occurred. Monday Besent describes the plan to start a discussion with Japan with a new trade agreement, Trump’s trade jar Peter Navaro Writes in the Financial Times The president’s position was “not discussed”.

On Tuesday, technology billionaire and Trump’s adviser Elon Mask attacked Navaro as “Moron” and “Dumbar than a sack than a brick”, while Navaro suggested that Tesla was opposed to the boss’s tariff.