European markets mostly fell on Monday, when investors digested the latest trade war for President Trump, which he saw It threatens to be beaten by the European Union and Mexico With 30 % of the customs tariff that begins on August 1. Mr. Trump’s threat came after a series of ads last week, which included a 50 % possible tax warning on all copper imports and all commodities from Brazil, 35 % of Canadian goods fees, and a 200 % potential tariff for imported drugs.
In announcing his latest intentions on Saturday, Mr. Trump was martyred as Mexico in the illegal drugs that flow to the United States and the non -trade balance with the European Union.
He gave this step months of strenuous talks with Brussels in a state of chaos.
European Commission President Ursula von der Lin insisted that the European Union still wants to reach an agreement with the United States on Sunday, the bloc She delayed her planned revenge for separate American duties On steel and aluminum. In May, European Union officials threatened to impose fees on US goods worth $ 117 billion, including cars and aircraft, if the talks fail, as of July 14.
Von der Lin said on Sunday that Mr. Trump’s message showed “we have until the first of August” to negotiate.
“We have always been clear that we prefer a negotiating solution,” said von der Layen, adding: “We will continue to prepare counter -measures until we are completely prepared.”
In April, Mr. Trump imposed a tariff on dozens of countries, and soon stopped them for three months to negotiate the deals. With the end of the 90 -day period this week, Mr. Trump began sending tariff messages to the leaders, but he prepared the date of the implementation of the threatened fees until August, according to Associated Press.
The head of the European Union Trade, Marus šefčovič, said he intends to speak with his counterparts in the United States on Monday.
“I am sure that the negotiating solution is much better than the tension that we may have after the first of August,” said šefčovič for reporters in Brussels. “I can’t imagine walking away without real effort. After I said, the current uncertainty resulting from the unjustified customs tariffs cannot continue indefinitely, and therefore we must prepare for all the results, including, if necessary, anti -proportion procedures to restore balance in our fixed relationship.”
He pointed out that the European Union was “multiplied by efforts to open new markets” outside the United States.
French President Emmanuel Macron has supported the efforts made to reach an agreement that “reflects the respect in which commercial partners such as the European Union and the United States condemn each other,” but urged the bloc to “intensify the preparation of reliable counter measures” in the event that the two sides fail to reach an agreement.
The stocks decreased in Frankfurt and Paris, although London witnessed high prices.
In Asia, Hong Kong, Shanghai, Seoul, Singapore, Manila, Bangkok and Jakarta, all of them Rose, while Tokyo, Sydney, Pipe, Mumbai and Weljington decreased.
Bitcoin reached a new record of $ 123,205.
“It is difficult to say whether the silent market response throughout the week is better characterized by flexibility or self -consent,” said Taylor Nogint of the National Bank of Australia. “But it is difficult to prosecute a group of the main headlines that determine where the definitions will sit from August 1 when the negotiations are ongoing.”
The data showed that Chinese exports jumped more than expected in June after Washington and Beijing agreed to a preliminary agreement to reduce the fees on each other. This included an increase of 32.4 % in shipments to the United States, which decreased in May.
Traders were watching the joint on the federal reserve, as Mr. Trump continued the cavity of President Jerome Powell not to reduce interest rates soon, saying on Sunday, “I hope it will stop”, and “he must resign.”
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