In the wake of the dive announcements, New York and Asia were made. Donald Trump upset the entire planet yesterday the imposition of tariffs on products imported to. In the meantime, it is broadcasting SOS for the global economy, while a conservative legal team, the new alliance of civil liberties, filed the first lawsuit on Thursday (3/4) to block Donald Trump’s duties on Chinese imports, claiming that the US president was over. At the same time, the US president, asked about the collapse of the financial markets with more than $ 2 trillion – bigger than the pandemic era, responded with optimism: “I think it’s going well. The markets will be launched, the shares will be launched, the country will be launched, “he said.
N. York Stock Exchange: Larger fall than June ’20s
The New York Stock Exchange recorded significant yesterday (3/4), where the S&P 500 recorded its largest since June 2020, while Dow Jones and Nasdaq declined more than 1,000 points each. In particular, the industry’s Dow Jones index closed with 1,679.39 points (- 3.98%), at 40,545.93 points. The NASDAQ index, which dominates technology companies, closed 1,050.44 points (- 5.97%), at 16,550.60 points. The broader S&P 500 index, indicative of the general trend, closed with a drop of 274.45 points (- 4.84%) to 5,396.52 points.
Falling on Asian financial markets as well
The Tokyo Stock Exchange fell 1.9% in the first minutes of transactions, the day after the “dive” of the indicators in.
Shortly before 03:10 (Greek time), the Nikkei index fell 1.9% to 34,074 points. The broader Topix index recorded an even stronger downward trend, falling by 2.28%to 2,510 points,
On the Seoul Stock Exchange, the Kospi index opened 1.5%, in Sydney the basic index recorded 1.33%.
Trump: I’m open to negotiations
Donald Trump described the significant fall on Wall Street. However, he defended his decision, arguing that it was necessary to treat the “sick” US economy.
The US president also said he is open to duty negotiations if other countries offer something “amazing”.
IMF: Significant risk for global economy
The International Monetary Fund emitted. The extensive duties announced Wednesday by US President Donald Trump are a significant risk to the global economy, while growth remains slow, said IMF Director General Kristalina Georgieva in a statement.
As he said, it is important to avoid actions that could further harm the world economy and called on the US and their commercial partners to work together constructively to reduce tensions.
“We are still in the process of evaluating the macroeconomic impacts of the tariff measures announced, but apparently represent a significant risk for the prospect of the global economy in a period of slow growth,” the IMF chief said, calling on the US “… and their commercial partners.
