1 week Ago By ARA
Donald Trump's new tariffs on dozens of countries went into effect midnight tonight in Washington, including 104% on Chinese goods and 20% on goods from the European Union. The US president celebrated this in a speech before the National Republican Congressional Committee, where he defended the idea that his reciprocal tariff plan is already working. "I'm telling you, these countries [those affected by the new tariffs] are calling us to suck my ass.
They're dying to make a deal. Please, please, let's make a deal, I'll do anything," he claimed they told him. The Chinese government has yet to officially respond to the 104% tariff, although of the US president.
Stock markets have already suffered, starting with the Asian ones. Japan's Nikkei index fell 3.9% and Taiwan's Taiex index fell nearly 6%, to name a few.
In contrast, the Hong Kong Stock Exchange's main index, the Hang Seng, closed today with gains of 0.68%. The global downward trend, in any case, was confirmed with the opening of European markets.
In the first minutes of trading, London's FTSE 100 was already down more than 2%, the German benchmark index, the Dax, was down 2.3%, the French Cac 40 was down 2.4%, and the Ibex-35 was down 2%.
The global European Eurostoxx 50 index was also down around 3%. The outlook is pessimistic after a partial recovery in European markets on Tuesday. All of this, while awaiting the actions of China and, also, the European Union, which on those who want to raise import tariffs.
Despite bourbon's removal from the list, the EU is on track to apply tariffs of up to 25% on products as varied as sausages, dental floss, eggs, diamonds, and, among others, free-range chickens..
