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Trade in Asia and Europe fell by more than 1%, while the dollar rose 0.25% against major world currencies
Meanwhile Wall Street, major world markets suffered sharp declines due to The fear generated by the trade war after the new badault of Donald Trump after the new tariff schedule against China for a value of 200 billion US dollars.
The main markets to blame were those of Asia. In the largest market in the region, Tokyo, the Nikkei said goodbye to the day with a drop of 1.19%, while the Shanghai Stock Exchange lost 1.8%. Hong Kong's Hang Seng, meanwhile, fell 1.29%.
In the old continent, do not spend much better. Ad-portas of the NATO summit, which has already inflamed Trump with his statements against Germany, the Frankfurt Dax notes at this time a decline of 1.34%, losses that reach 1.23 % in the Cac de Paris and 1.6% on the Milan Stock Exchange
The Madrid ibex and the London FTSE lose 1.19% at the same time.
It should be remembered that Europe is also facing tariff threats from the United States, particularly the auto market, which had calmed down in the last few days after the ## 147 ############################################################################# 39, Trump administration offer.
However, this calm is abruptly interrupted with the surprise announcement of new tariffs on Chinese products for an additional $ 200,000 million. 19659003] New tariffs raise caution among investors and threaten to cool global growth prospects. The ECB and the US Fed had themselves warned of the increased risks posed by these commercial threats to the global economy.
In this context, the dollar continues its uptrend against a basket of currencies. The US dollar rose 0.25% according to the dollar index, for its third consecutive increase.
The White House yesterday released the new list of taxed products, which will add $ 200 billion to the commercial battle. The measure will bring the confrontation to a new scale, and the impact on the global economy could also be more important than what was expected until now.
The new 10% tariffs would come into effect once the public comment period ends on August 30, the US Trade Representative's Office reported.
"If the customs duties of these 200 000 million US dollars came into force, the levies half of China's exports to the United States," warns the experts of Danske Bank
" This move aims to keep the pressure on China, "says David Madden, an badyst at CMC Markets in London, reports Bolsamania.
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