The stock market fell Monday after the President Donald Trump Rates In Canada, Mexico and China, create revenge threats and setting the trading war stage.
Dow Jones Industry average about 550 points or 1.25%, early Monday trade. S& P 500% fell 1.5% and NASDAQ heavy technology introduced 2%.
Merchants showed their jitters with deep links to US car companies, Canada and Mexico. General Motors’ shares held 6%, and Ford saw his stock price 4%.
The market route spread all over the world. The Nikkei Index was fell by 2.5% on Monday, and the pan-European Stoxx 600 fell about 1%.
On Saturday, Trump established 25% rates of 25% of Mexico and Canada products, as well as 10% rates on Chinese goods. The rates are placed in Tuesday, the White House said.
Justin Trudeau and Mexican Chairman Canadian Claudia Sheinbaum answered after a few hours of the ad, he revenge.
Trudeau said that Canada will set up $ 155 billion in goods worth $ 155 billion, and Sheinbaum said officials in his government to establish what he called the B Plan, which includes non-rate and fare measures. “
Merchants work on the New York Stock Exchange (NYSE) in the New York City, 2025, 2025, 30 January.
Timothy A. Clary / AFP via Getty Images
The rates established by the White House can raise prices from avocadoes Tequila Gasoline, Experts ABC previously said to the news. The effect of the price is not clear, however, as the internal business chain can have some tax burden on or all of the supply chain, they said.
The potential revenge fare given by Canada and Mexico would be more difficult to compete in these market exporters in these markets, increase the possibility of more vulnerable sales.
In several positions on the Weekly social networks, the manufacture and transport of legal drugs that end in Canada, Mexico and China on Sunday, Trump asked three countries, acknowledges that the tariff can create some economic difficulties that the tariff
“Will there be some pain? Yes, maybe (and maybe not!) But we will be America again, and it’s worth the price to pay,” he wrote. “Trump wrote.
