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President Donald Trump never stops discussing tariffs. Stock markets reduced to little Friday after Trump threatened a 50% tax on imports from European Union as well as a 25% surcharge of products from Tech Titan apple. The S & P 500 finds a daily reduction in 0.7% and one week leakage of 1.7%. the Nasdaq There is a daily reduction in 1%, and the Dow Jones fell to 0.6%.
Trump threatened tariffs in a pair of Friday morning with the truth of truth, the social network he owned. “The European Union, formed for the main purpose of exploiting the United States of the trade, it is very difficult to deal with,” He admitsIt increases he recommends a 50% tax on items from the EU.
Like Apple, Trump guards “At least” a 25% tariff against Tech Company if it does not move factories that make the iPhone in a mirecommunication, the assuming parties fall by 3% on Friday.
Trump’s Friday statement is part of a more comfortable position of his administration’s tariffs taken in recent weeks, which itself is an aggressive from the more aggressive stand in the early April.
On April 2, the 47th President opened a base 10% tax on imports from US trade colleagues, as well as extreme tariffs in many countries, especially China. Stock markets and bond shuddered morning answers, and Trump surrounds his tariff plans soon – excluding the tax provided in the People’s Republic.
Last week, however, the US and China agreed to a 90-day cessation of their trading war, which US reduces tariffs in Chinese exports to 10%. In response, markets rallied and posted per week gain.
“The economy is still slowly motivated but avoid shrinking, if the administration refuses to inflict more time,” Paniver published in Panterns before Trump on Friday’s Friday.
The recent Moody rating of the Moody of the US credit is also calculated in markets. The credit rating agency drop American debt rankings from AAA to a ring of a rung under AA1 because of the “increase ratios of levels of higher sovereigns,” it looks like last week.
This story originally shown Fortune.com
