104 % China tariffs directly – even musk seems troubled

Trump Definitions It was officially kicked – it includes a duty of 104 % on Chinese imports.

Despite the increasing panic and anxiety expressed by economists and executive managers, Trump administration officials were stubborn in defending their trade policies. Treasury Secretary Scott Payette told CNBC on Tuesday that about 70 countries want to discuss deals with the White House, while commercial advisor Peter Navarro on Friday said the definitions are not negotiable. (Whether discussion of deals is a form of negotiations, apparently is discussed.)

But at least one member of the Trump staff does not seem very happy with the definitions. Elon Musk described, although he does not specifically address the White House commercial policies, describing Navarro – the highest trade consultant in the administration – as “fool” and “seriously stupid”. Musk is the reality leader of Duj, and is a major role in the Trump administration. He is also the CEO of Tesla, a multinational company.

However, given the extent to which strong White House officials invite the definitions, it does not seem likely to be the general Musk hostility with Navarro is the wound in world trade.

Customs duties apply
US President Donald Trump The latest definitionsWhich imposes duties ranging from 11 % to 84 % in 86 countries, are now alive. The tour of the so -called mutual definitions exceeds the basic rate of 10 % imposed on many other countries during the weekend. After China, lesotho is subject to the largest tariff for one country in the new round. The exports of the African nation to the United States are subject to a 50 % duty.

A huge tariff for China
You will see China Net tariffs of 104 % Its goods exported to the United States. It constitutes an obligation imposed on 20 % before, 34 % additional tariffs and a 50 % increase at the last minute that Trump signed late on Tuesday. Treasury Secretary Scott Bessin said on Tuesday the response of China.It was a big mistake“After the definitions, City on Tuesday China’s growth expectations this year reduced to 4.2 % from 4.7 %. Signs indicate that Citi is the first in Wall Street to do so.

Early gathering in American markets fades
American stocks fell on TuesdayAbandoning the gains from the march earlier in the day. the Dow Jon’s industrial average It has 0.84 %. the S & P 500 1.57 % decrease and Nasdak 2.15 % decreased – the previous one has lost more than 12 % and the latter has decreased over 13 % in the past four trading sessions. The Asia and Pacific markets were on Wednesday. Japan Nikki 225 It lost about 4 %, while South Korea KosPI More than 1.8 % decreased to enter the bear market area.

Microsoft the most valuable company again
Apple 5 % decreased on Tuesday, putting its joint losses over the past four days by 23 %, giving the company, which is based in Cubino, its market value of $ 2.59 trillion. This means MicrosoftWhich is worth $ 2.64 trillion, it is again The most valuable public company in the world. Apple reaches the most difficult of which is the technology Megacap companies because of its dependence on China – and The manufacture of iPhone devices in the United States Not “something”, according to the analyst.

Al -Maski is entitled to attacks on Navarro
Timing CEO Elon Musk on Tuesday burst The best commercial advisor in Trump Peter Navarro “really fool“Musk was responding to the comment Navarro that Tesla is more than” cars assembly “more than the car manufacturer. When asked about the dispute, White House press secretary Caroline Levit said,” The children will be children, and we will allow public wandering in the debate. “

Reserve Bank in India reduces prices
Central Bank in India It is expected to reduce its policy price by 25 basis points to 6 %On the occasion of its lowest level since September 2022 with the attention of growth. The Indian economy expanded by 6.2 % of the expected In the fourth quarter From 2024, it is 6.5 % is expected to grow In the fiscal year until March 2025 – a sharp slowdown of 9.2 % in the previous year. In addition, Trump’s tariff entered into 26 % into India.

(Pro) stocks to take advantage of commercial deals
US Treasury Secretary Scott Payette said that about 70 countries had contacted the White House Discuss the tariff proposals. Some of these countries may reach an agreement first, which can be raised Companies shares That has close commercial transactions in those sites.

There is no deal on the horizon to prevent the trade war between the United States of China

“We have confirmed more than once that pressure on China or its threat is not a correct way to interact with us,” said Chinese Foreign Ministry spokesman Lin Jian, according to the official English translation of his statement in Mandarin. “China will firmly protect its rights and legitimate interests.”

As for the negotiations, the question was stated to the “competent authorities”. He added on Tuesday that the United States does not seem serious about talking at the present time, given its actions.

But besides some partial limits on Chinese definitions or exports, it is not clear how the United States of Chinese deal will look.