Global stock markets stumbled to start the week, as Trump is still committed to tariffs

Global stock markets extended to a severe landing on Monday, supported by fears that the US tariff will lead to a global economic slowdown. European and Asian stocks witnessed dramatic losses, as the pioneering US index broke out in the land market lands in pre -market trading, and oil prices decreased.

The tremendous sale of the risk assets at the beginning of the trading week follows President Donald Trump’s announcement of the high import taxes of the United States and revenge on China, which witnessed a sharp decline in markets Thursday and Friday.

Late Sunday, Trump repeated his determination, saying: “Sometimes you should take the medicine to fix something.”

In the future, the United States referred to a weakness in the future. For the S&P 500, they lost 3.4 percent, while on the Dow Jones, they threw 3.1 percent. Nasdak’s futures lost 5.3 percent.

Some countries, South Korea and Pakistan, said that it was sending commercial officials to Washington soon to try to search for clarity.

However, the German Economy Minister, Robert Habik, was challenging when he reached a meeting of the European Union’s trade ministers in Luxembourg, saying that the hypothesis of the large -scale definitions was “nonsense” and that the attempts of individual countries to win did not succeed in the past.

He said it is important for the European Union to abide by each other. This means that we are clear that we are in a strong position – America in a weak position. “

Trump justified the customs tariff as the issue of addressing the American trade deficit – which most economists say is not a sign of economic health itself. In the case of Canada and Mexico, he sought to use the customs tariff to try to curb the flow of fentianil to the United States, although drug paving from Canada to the United States is relatively low.

Jimmy Damon, CEO of JPMorgan Chase, warned, in his annual observation, to read to the shareholders early Monday, of investors that the unrest caused by the American tariffs and a global trade war may slow growth in the world’s largest economy, inflation, and may lead to permanent negative consequences.

The CEO wrote: “The faster this problem is solved, the better, the better because some negative effects increase in cumulative way and it will be difficult to reverse it.”

JPMorgan economists raised the risk of American and global recession this year to 60 percent of 40 percent after Trump revealed the most severe commercial barriers in more than 100 years last week.

Damon said in January that Trump’s tariff critics need “overcoming it”, although it was allowed at a time when they should be carried out carefully.

He is joking with bear lands

If the losses of future contracts before the market are fulfilled at the opening of the United States market, the S&P 500 will enter the bear market-which is defined as a fall of more than 20 percent of the peak. The index was from 17.4 percent as of the end of last week.

The US Federal Reserve can weaken a tariff blow to the American economy by reducing interest rates, which Trump argued in the social media stage early Monday. Companies and families can encourage borrowing and spending. But the head of the Federal Reserve, Jerome Powell, said on Friday that the high definitions could increase inflation expectations and that low rates may still increase prices.

On Friday, the worst market crisis has turned since the Covid-19 pandemic turned into a higher equipment as the S&P 500 decreased six percent and Dow decreased 5.5 percent. The Nasdaq compound fell 3.8 percent.

“There is no sign yet that the markets find a bottom and start stability.”

Chinese markets often do not follow global trends, but they also fell. Hang Singh fell from Hong Kong 13.2 percent, while the Shanghai index lost 7.3 percent. In Taiwan, Taix 9.7 percent fell, while South Korea lost 5.6 percent.

On Monday, Beijing had a memorandum of confidence even when the markets in Hong Kong and Shanghai fell. The daily people, the official tongue of the Communist Party, had strong words.

“The sky will not fall,” declared, even if the American definitions have an effect. “In the face of the random punches of American taxes, we know what we are doing and we have tools at our disposal,” he added.

Oil prices decreased

The stock markets in the Middle East fell on Monday, as it fell with the double blow to the policy of the new tariffs of the United States and a sharp drop in oil prices.

Benchmark Brent has decreased by approximately 15 percent during the past five days of trading, as a barrel of oil costs a little more than $ 63. This decreased by nearly 30 percent from last year.

This cost per barrel is much lower than the estimated tie price for Saudi Arabia and most other countries that produce energy in the Middle East. This is in addition to the new definitions that the Gulf Cooperation Council countries in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates witnessed 10 percent of the definitions.

“With these expected measures and expected measures that can be adopted by other countries, stability and ability to predict international trade can be undermined,” PWC Accounting Company said in one of the participants in a consultant for its customers in the Middle East.

Nikkei 225 in Tokyo closed 7.8 per cent. European stocks followed the Asian markets less, led by the DAX index in Germany, which briefly decreased more than 10 percent in the open on the Frankfurt Stock Exchange, but it regained some land to move to 5.8 percent in morning trading.