The world slipped down, US futures fell Wall Street It appeared on the right track for another day of overwhelming losses on Friday, as investors calculated the potential costs of US President Donald Trump the latest group of customs tariffs – including China Revenge match 34 percent tariffs on imports of all American products.
Trump has announced a tariff of at least 10 percent than international imports and much higher taxes on products from China, the European Union and even smaller countries such as Vietnam, slapped with a tariff of 49 percent.
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Everything from crude oil fell to large technology shares to the value of the US dollar against other currencies.
Even gold, recently traditional safe haven, decreased after Trump announced the “Liberation Day” group of definitions, which economists say the risk of a toxic mixture may weaken economic growth and high inflation.
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The S& P 500 index decreased by 5 percent by mid -Friday, as the worst day came out since Covid broke the global economy in 2020.
The Dow Jones industrial average decreased by more than 1,800 points, and the Nasdaq boat fell by more than five percent. The Toronto Stock Exchange fell nearly five percent by midday.
Not even a better report on the US labor market was not enough to stop the slide.
European stocks have seen some of the largest losses of the day, and the price of crude oil has declined to its lowest level since 2021 regarding concerns about how to war of trade war.
With files from Global News’ Ari Rabinovitch.
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