The US stock market was unstable
reports Mehr News Agency Mexico has applied to the threat of these countries to retaliate measures.
Index Dawmons , which was originally reduced by 5 units, compensated part of its decline and eventually reduced by 5 units (4.9 %). The S&P index dropped by 4.9 percent, while the Noshnam rose by 4.9 percent. Wall Street’s fear index (Vix) reached the highest level of the year.
Andrew Wilson, deputy secretary-general of the International Chamber of Commerce, warned that these tariffs could cause the economic crisis similar to the Great Reguity of the 1980s. The world markets also reacted; Stock indexes fell in Europe and Asia and the value of the US dollar fell.
The new 5 % US tariff, including Canada and Mexico, has increased by 5 %. Trump has announced that these measures have been taken to counter the arrival of Fentanil to the United States, but experts warn that these tariffs can harm US economic growth and increase unemployment and reduce consumer trust.
China responded quickly and imposed tariffs on US meat and agricultural products. Justin Trodo Span>, the Canadian Prime Minister, announced that it will counter Canadian $ 5 billion in mutual tariffs. The President of Mexico also announced the reciprocal action in the coming days.
Investors who have previously thought the tariff threat was a negotiation tactic, are now worried about a real business war. These concerns caused the market to fall sharply on Monday. Some experts believe that these tariffs are temporary, but in the current situation, investors first sell their shares and then make decisions.
Trump is set to talk about the revival of American dreams in Congress, while economic indicators show that the US economy may be smaller and the stock market has lost its entire growth since Trump’s coming.
