President Donald Trump cannot stop mentioning the definitions. The stock markets decreased on Friday a little after Trump threatened a 50 % tax on imports from the European Union as well apple. S&P 500 achieved a daily decrease of 0.7 % and a weekly decrease of 1.7 %. the Nasdak It was 1 % daily decrease, Dow Jones fell 0.6 %.
Trump threatened the definitions in a pair of posts on Friday morning on the social truth, the social network he owns. “The European Union, which was formed for a basic purpose is to benefit from the United States in trade, was extremely difficult to deal with,” ClaimAdding that he will recommend a 50 % tax on the goods from the European Union.
As for apples, Trump threatening “At least” a 25 % tariff against the technology company if the IPHONE factories are not transported to the United States although the tariff for a multinational company will be rare in the modern era, Apple shares decreased by 3 % on Friday.
Trump’s comments on Friday are a confrontation from a more reconciliation site regarding the definitions that his administration has taken in recent weeks, which in itself was the focus of its most aggressive position in early April.
On April 2, the forty -seventh president revealed a 10 % base tax on imports of commercial partners in the United States, as well as a more severe tariff for dozens of countries, especially China. Stock and bond markets shook in response, and Trump walked out of the customs tariffs shortly – with the exploration of the taxes it imposed against the Republic of the People.
However, last week the United States and China agreed to a temporary stop of 90 days in their commercial war, as the United States will reduce the tariff of Chinese goods to 25 %, and China will reduce its tax on American exports to 10 %. In response, the markets rose and were published weekly Win.
“The economy is still decisive but it avoids recession, and the administration has been imposed on imposing an additional tariff this summer,” wrote Samuel Thompses and Oliver Allen, economists in the total Pantheon.
The last rating in the American Moody Credit Class also has also rented the market. Credit Classification Agency Decline Last week, it said that its classification of American debt from AAA to one class below in AA1 due to “the increase is more than a decade in government debt rates and payment of benefits to much higher levels of the ideal classified kings.”
This story was originally shown on Fortune.com
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