Asian markets took a huge step on Monday while American term contracts highlighted significant losses to Wall Street on the punitive prices of Donald Trump, even though the countries asked for a compromise with the provocative president.
Trump denied Sunday that he had intentionally conceived a sale and insisted that he could not provide for reactions on the market, saying that he would not conclude any agreement with other countries unless trade deficits are resolved.
“Sometimes you have to take medication to repair something,” he said about the market pain that has seen billions of dollars suffered from the value of American companies since the start of its price.
Addressing journalists in the Air Force One, he added that he had sought to solve the problem with the world leaders this weekend, saying “that they are dying to conclude an agreement”.
China repaired against the United States on Friday, announcing that it would impose prices of 34% on all American products from April 10 after the Asian markets closed last week.
With the growing trade war, actions in Asia have taken a big hammering when trading has taken over.
On Monday, early trade in Japan, the Nikkei 225 was broken by 6.5%, while shares in Taiwan were down almost 10%and Singapore by 8.5%.
The term contracts for the main advice of the New York Stock Exchange were sharply decreasing on Sunday, suggesting more pain for the beaten stocks of Wall Street when the markets open the markets on Monday, while the US oil fell below $ 60 per barrel for the first time since April 2021.
“Offers and alliances”
Benjamin Netanyahu, the Prime Minister of Israel – who was affected by 17% of prices, although he was one of the closest allies of Washington – will fly to Crunch talks with Trump on the samples on Monday.
British Prime Minister Keir Starmer warned in a newspaper to a newspaper that “the world as we knew had left”, saying that the status quo would depend more and more “transactions and alliances”.
Trump’s narcotic deadlines have left space for some countries to negotiate, even if he insisted that he would remain firm and his administration warned against any reprisals.
“More than 50 countries have contacted the president to start a negotiation,” Kevin Hassett, head of the National Economic Council of the White House, said on Sunday.
Vietnam, a manufacturing power that counted the United States as its largest export market in the first quarter, has already contacted and asked at least 45 days to beat rates of 46% imposed by Trump.
Hassett said that countries in search of compromise did it “because they understand that they support a lot of prices”, while the administration continues to insist that the tasks would not lead to major price increases in the United States.
“I don’t think you will see a big effect on the consumer in the United States,” he said.
‘Bloodbath markets’
The Treasury Secretary, Scott Bessent, also told NBC Meet the Press that 50 countries had contacted.
But as to know if Trump is negotiating with them, “I think it’s a decision for President Trump,” said Bessent.
“Right now, he has created a maximum lever effect for himself … I think we will have to see what the countries offer and if it is credible,” said Bessent.
Other countries have been “bad players for a long time, and this is not the kind of thing you can negotiate in days or weeks,” he said.
Despite the hopes of negotiations to avoid the worst economic carnage in Asia, the Bloodbath markets continued in the new week of negotiation.
In Saudi Arabia, where the markets were open on Sunday, the scholarship was down 6.78% – the worst daily loss from the Cavid -19 pandemic, according to the state media.
Larry Summers, former director of the National Economic Council of President Barack Obama, said: “There is a very good chance that there will be more turbulence in the markets as we saw on Thursday and Friday.”
Peter Navarro, the guru of Trump’s price, pushed growing nervousness and insisted on investors that “you cannot lose money unless you sell,” promising “the biggest boom in the stock market that we have ever seen”.
Russia has not been targeted by the last rafts of prices, and Hassett cited talks with Moscow on its invasion of Ukraine as the reason for their omission of the list of successes.
On Wednesday, an official of the White House suggested that the reason for the omission of Russia was because trade was negligible thanks to the sanctions.
Trump has long insisted that countries around the world that sell products in the United States in fact snatch the Americans, and he considers prices as a means of correcting evil.
“One day, people will realize that the prices, for the United States of America, are a very beautiful thing!” Trump wrote the social Sunday of truth.
But many economists have warned that prices are transmitted to consumers and that they could see price increases at home.