Useful information
Prime News delivers timely, accurate news and insights on global events, politics, business, and technology
European and Asian actions were mostly lower on Tuesday after a new round of tariffs imposed by US President Donald Trump entered into force.
China responded to Washington’s movement to increase tariffs by 20% in all areas with higher duties of up to 15 percent in US farm exports.
The Dax of Germany fell 1.8 percent to 22,733.26, while in Paris CAC 40 decreased 1.1 percent to 8,108.71. The FTSE 100 of Great Britain lost 0.4 percent to 8,837.92.
The future for the S&P 500 increased 0.1%, while the industrial average Dow Jones did not change.
In Asian trade, Nikkei 225 of Tokyo fell 1.2 percent to 37,331.18, while Hang Seng in Hong Kong lost 0.4 percent to 22,922.16. The Shanghai compound index exceeded 0.2 % higher than 3,324.21.
The South Korea Kospi gave 0.2 percent to 2,528.92. Taiwan Taiex threw 0.7 percent, while Bangkok’s set lost 1.1 percent.
On Monday, the S&P 500 fell 1.8 percent after Trump said there was no space “for negotiations that could reduce rates that entered into force on Tuesday for imports from Canada and Mexico. Trump had already delayed tariffs once before to allow more time for conversations.
The Dow fell 1.5 percent and the Nasdaq compound fell 2.6 percent.
Get daily national news
Get the main news, political, economic and current headlines of the day, delivered to your entrance tray once a day.
Chinese tariffs on American meat, corn, soybeans and other agricultural products announced on Tuesday they expanded the potential impact of Trump’s commercial tactics, said Francis Lun, CEO of Geo Securities in Hong Kong.
“I don’t think China buy more US agricultural products. Uu. Orders will go to South America,” said Lun. “I think, in general, it is a lost situation. No one wins anything. “
Investors expected Trump to choose a less painful path for global trade. The loss of Monday affected the gain of the S&P 500 from the day of the elections to just over 1% from a peak of more than 6%. This demonstration had been largely built with the hopes of Trump’s policies that would strengthen the economy and companies of the United States.
After the S&P 500 established a record last month after a slower show parade than the expected of the great American companies, the market began to immerse itself after weaker reports than expected about the economy of the United States, including a couple that shows that US households are becoming much more pessimistic about inflation due to the threat of tariffs.
The last report of this type came Monday about the manufacture of the US. Perhaps more unpleasantly, manufacturers are seeing a contraction in new orders. Meanwhile, prices increased amid discussions about who will pay Trump’s tariffs.
The recent market drop has affected NVIDIA and some other areas that previously become particularly difficult market. They fell even more on Monday, with Nvidia dropped 8.8% and Tesla from Elon Musk dropped 2.8%.
In other treatment at dawn on Tuesday, the ee. Uu. Brent Crude gave $ 1.10 to $ 70.52 per barrel.
The US dollar fell to 149.86 Japanese and 149.50 yen. The euro increased to $ 1,0519 from $ 1,0488.
Bitcoin fell to around $ 83,900, according to Coindesk, 8.7%less.
& Copy 2025 the Canadian press
