The global stock markets fall as Donald Trump’s tariffs

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The global markets fell on Monday due to fears of an escalating trade war ahead of Donald Trump’s expected unveiling of some of new tariffs this week.

In addition to the US futures, the Asian and European stocks fell strongly and accelerated a sale that began last week after Trump said that the mutual US tasks that he should expect on April 2 would apply worldwide.

“You would start with all countries, so let us see what happens,” said Trump reporters on Air Force One on Sunday. Last week he had pointed out concessions for some countries.

The US President honored Asia for his trading practices. “Take a look at the trade with Asia. I would not say that someone treated us fairly,” he said.

The chaotic rollout of Trump’s aggressive trade agenda has built the markets and worried the United States trading partners, many of which threatened to reciprocate.

The US President said that on Wednesday, which he referred to as the “day of liberation”, he will impose taxes in every country that the White House retrospect for an unfair trade relationship with the United States.

Japan’s benchmark topix fell by 3.3 percent and exporter-oriented Nikkei 225 by 3.9 percent. In Taiwan, the Taiex shed 4.2 percent, while South Korea’s Kospi fell 3 percent. Hong Kongs Hang Seng withdrew 1.6 percent.

The futures markets pointed out to the ongoing falls in the USA, with contracts tracing Nasdaq by 1.3 percent and the S&P 500 by 0.8 percent.

The broad Stoxx 600 index in Europe fell 0.8 percent when the market opened and FTSE 100 lost by 0.9 percent.

Chipmakers from the region were among the largest losers, with the Taiwan neck conductor and the Samsung Electronics fell 4.4 percent or 3.5 percent. Japan’s disco, a manufacturer of tools for chip production, declined by more than 8 percent.

Tencent and Alibaba fell 1.5 percent and 2 percent in Hong Kong.

Gold rose to a record of 3,128 US dollars per Troy -Urze, while the US finance ministries declined in one sign that investors stacked into safe assets. The 10-year-old US state bond return fell by 0.06 percentage points to 4.2 percent.

“Many investors are waiting for actual tariffs to be announced, handle their positions and achieve profits,” said Wei Li, head of multi-asset investments for BNP-Paribas in China. “This termination of tariffs … has influenced the entire market mood.”

In the currency markets, the yen reinforced $ 0.6 percent to $ 148.9 yen, while the Offshore Renminbi strengthened 0.2 percent to $ 7.26. The US dollar fell by 0.2 percent compared to a basket of currencies of the most important trading partners.

The movements in Asia came to falls in the USA on Friday, where the S&P 500 fell by 2 percent. The technically oriented Nasdaq Composite set up 2.7 percent as dark data about the economy and consumer mood about the fear of stagflation.