Trump’s customs course causes further unrest on stock exchanges

The confusing situation at the US’s customs conflict with the rest of the world continues to cause unrest on the stock exchanges. After the brilliant upswing from the previous day, the US stock markets initially reverse the reverse gear. The stock exchanges in East Asia rose slightly below the level of the previous day. The Trade conflict between the two largest economies in the world, The USA and China continues to come to a head.

The Nikkei index in Tokyo listed around two and a half hours after the start of the trade on Friday with a discount of 4.22 percent with the intermediate status of 33,148.45 points. In China and the Chinese special administration region Hong Kong, the Shanghai Composite Index in the first around an hour and a half gave up 0.2 percent and the Hang Seng index 0.4 percent. On the stock exchange in Seoul, the Kospi guiding index initially started with a slight minus.

The Dow Jones Industrial closed 2.50 percent lower at 39,593.66 points. The S&P 500 market width gave up 3.46 percent to 5,268.05 points. For the technology -based Nasdaq 100, after a trade -prone trade, it went down to 18,343.57 points by 4.19 percent. The further smoldering international trade conflict remains the main topic on the stock exchanges.

Courses fluctuate

The day before, the US investors initially had with noticeable relief on the one who was called out by US President Donald Trump Customs break for many countries – except China – reacts. The Dow had won almost eight percent, the S&P 500 almost ten percent. The Nasdaq 100 had even increased by more than twelve percent.

Trump continues to drive the trade conflict with China with force. The US tariffs against China are now even 145 percent – and not 125 percent, as the White House had previously announced.

A little breathing space for others

Other parts of the world trade, on the other hand, get a breath of 90 days. After great turbulence on the stock and financial markets, Trump surprisingly decided to give many countries a break of certain tariffs for this period. It is about punitive levies that are based on the trade deficit of the respective countries. Also the In return, the EU did not put some special tariffs against the United States into force for the time being.

Trump considered the back of the Europeans to be smart. The European Union did very cleverly with the reluctance, says the US President at a cabinet meeting in Washington. In the coming weeks and months and months, the US government wants to advise trading partners from all over the world about deals in order to reduce trading barriers in the respective countries for imports from the USA. In return, the Americans could possibly do without certain tariffs.

It is open whether the conversations will lead to success. And a whole series of US tariffs also beyond the levies on Chinese goods are still in force – such as a flat -rate custom of ten percent on imports from practically all countries as well as special levies on cars, steel or aluminum.

When asked whether he regarded the EU in the event of upcoming negotiations as a unit or as an individual states, the President replied: « We see it as a block. » Trump once again complained that the EU had exploited America in the past when trading, and claimed: « It was founded for the purpose to take advantage of the United States. »