Asian stock markets slide, future futures declined with the continued customs tariff disturbances

Foreign financial markets fell early on Monday, while the futures futures in the United States were subjected to renewed sale after that. The leading indexes collapsed Last week, amid investor fears of economic repercussions from The latest tariff for the Trump administration Salvo.

The Japanese Nikkei 225 index fell almost 8 % after a short period of the opening of the market in Tokyo, and the S&P/ASX 200 decreased in Australia by more than 6 %. South Korea lost Coyce 4.4 %.

Future stocks

NASDAQ 100 % futures contract contracts in Early trading in Asia, and futures contracts on the S&P 500 and Dow Jones Industrial Mediterranean are all more than 4 %.

Stock markets were sold all over the world last week after President Trump announced on April 2 the minimum 10 % tariff On all the United States, imports and “Mutual” fees Nearly 90 countries. A global tariff entered Saturday, while the corresponding customs duties are scheduled to arrive on April 9.

Investor definitions surprised investors, and we sent shares to their harshest decrease in five years and wipe trillion in investor wealth. Many economists warn that imposing a wide tariff on the goods that are shipped in the United States It can increase inflationCounting spending by consumers and harming economic growth.

China said on Friday that revenge on the United States 34 % tariffs on imports Of all American products starting from April 10. In March, Beijing also started imposing a 15 % tax on American agricultural products, including chicken, pork and soybeans.

“China and the United States are now closed in the game of chicken, with the threat of a severe global war looming on the financial markets,” the macroeconomic analysts told investors in a note.

The S& P 500 has decreased by approximately 14 % since Mr. Trump revealed the latest definitions last week, while the blue slide decreased by 12 %. The Nasdaq Stock Exchange fell approximately 16 % during that period, putting the heavy technology index in the bear market-when the shares decreased by at least 20 % of its highest level.

The highest definitions since 1909

Since the White House was re -introduced in January, Mr. Trump also slapped a 25 % tariff on imports from Canada and Mexico, and imported tasks were highly raised on Chinese goods, and put 25 %. Forex feesAmong other measures targeting American trade partners.

The average rate of tariffs in the United States on the goods imported now at its highest levels since 1909, according to L. Yale budget lab.

The Trump administration officials have strongly defended their commercial policies, saying on Sunday that more than 50 countries are subject to the last round of definitions have requested talks.

Speak on “Confronting the nation” On Sunday, Trade Minister Howard Lootnick said the definitions “will definitely remain in place for several days and weeks. The president needs to reset global trade.”

Despite the defeat of the market last week, some Wall Street economists expect that the Trump administration will reduce the definitions of some countries in the coming months against the decrease in commercial barriers. This would likely help the stock beach.

“Our assumption is that during the next few months, Trump will make” deals “with many countries, although China may be the exception,” Paul Ashworth, the chief economist in North America, said in a research note. “Once it becomes clear that it is ready to accept relatively simple concessions in exchange for expanding the scope of these definitions, the arrows must be recovered.”

Analysts warn that the risks are that Mr. Trump instead raises an additional tariff or seeks to punish commercial partners who spread their counter measures.

Associated Press

He contributed to this report.