Donald Trump has excluded a break from the radical prices he imposed on countries around the world after a day of roller coaster at Wall Street which ended with most of the American markets.
Intense oscillations were observed on the three main stock market indices on Monday while economists fear US President The samples of the “Liberation Day” could cause a global recession.
The S&P 500 closed the day of 0.23%lower, while the industrial average of Dow Jones ended down 0.91%, and the NASDAQ ended with a positive territory, up 0.10%.
A screen displays the trading of the S&P 500 index after the fence bell. Pic: Reuters
Trump prices: Follow the latest updates
The three clues began to drop strongly the day and the DOW plunged up to 1,700 points after losses even worse elsewhere in the world.
But he suddenly increased to a gain of almost 900 points at the end of the morning. The S&P 500, on the other hand, went from a loss of 4.7% to a 3.4% step, which would have been its biggest leap in years.
The sudden climb seems to have been the result of a Social media message This said that Kevin Hassett, director of the National House Council, said Trump was considering a 90 -day break in prices for all countries except China.
Reports first emerged through the American commercial news channel CNBC.
The White House later told CNBC that any discussion on a 90 -day break was “false news”.
A merchant on the ground on the New York Stock Exchange. Pic: AP
Financial pain is investment in the world
Financial pain has once again hammered investments worldwide, Hong Kong shares plunging 13.2% for their worst day since 1997.
Meanwhile, the UK’s reference stock market index, the FTSE 100 closed 4.38%.
It is one of the biggest drops in years, in accordance with the falls seen at the start of COVVI-19 locking, but less steep than the loss of 4.95% observed on Friday.
Only a handful of the 100 most precious companies listed on the London Stock Exchange experienced an increase in their course in action all day.
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Trump “ not watching ” in break the prices
When asked in the oval office on Monday evening if he would arouse prices, Trump said: “We are not looking at that.”
The president added that the affected countries have negotiated with his administration, which, according to him, will try to conclude “fair agreements” with each of them.
“We are going to get fair agreements with all countries and if we do not do it, they will not be able to participate with the United States,” he added.
Trump also said that the United States “had been scammed by many countries over the years”, adding: “We can no longer do it. We can no longer be stupid people.”
Analysis: Prices could announce one of the most painful episodes of modern times
Donald Trump is seen on television while traders work on the field on the New York Stock Exchange. Pic: AP
Trump threatens an additional 50% rate on China
He came after the American president threatened in an article on his TRUTH social platform according to which he would impose an additional 50% tariff on China if the nation does not remove its reprisals of 34%.
Beijing imposed the duty after Mr. Trump announced his price on China last week.
The American president added in his social post that Beijing has until Tuesday to remove his reprisal rate.
Some investors hope that Mr. Trump could still reduce his prices after negotiating with the countries, and Trump said on Sunday that he had heard leaders “dying to conclude an agreement”.
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‘Sometimes you have to take medication to repair something’
A drop in rates relatively soon could help avoid a recession, but if it can happen is still uncertain.
Trump told journalists on Sunday on the Air Force One that he didn’t want the markets to fall. But he also said that he was not concerned about a sale, saying: “Sometimes you have to take medication to repair something”.
Trump gave several reasons to his rigorous prices, including bringing manufacturing jobs to the United States, which could take years.
The American president said he wanted to reduce figures for the quantity more than the United States imported other countries compared to how much he sends them.
A merchant works on the ground on the New York Stock Exchange. Pic: Reuters
“Recent prices will probably increase inflation and have to consider a greater probability of recession,” the director general of JP Morgan, Jamie Dimon, wrote on Monday in his annual shareholders.
“The question of whether the prices menu causes a recession remains in question, but that will slow growth,” added Dimon, who is one of Wall Street’s most influential executives.