The American President’s remarks amorted to hopes that the prices would only target certain countries.
The President of the United States, Donald Trump, said that his reciprocal prices will soon be announced will apply to “all countries”, pouring cold water in the hope that only savings with the largest commercial imbalances with the United States would be targeted.
Addressing journalists in the Air Force One on Sunday, Trump said that his long -awaited pricing announcement “would start” with all countries.
You would start with all countries, “Trump told journalists.” Essentially, all the countries we are talking about. “”
Trump’s remarks are intervened after his administration has played the range of prices that should be unveiled on April 2, that the American president nicknamed the “Liberation Day”.
The White House economy advisor Kevin Hassett suggested earlier this month that the measures would be highly focused on 10 to 15 countries that explain most of the American trade deficit.
“There are more than 100 countries that do not really have prices on us and have no non -pricing barriers,” said Hassett in an interview with Fox Business.
Trump himself also seemed to play the gravity of the prices to come last week, saying that the reciprocal measures would be “very indulgent” and that people would be “surprised”.
Although the specific details of Trump’s plans are not clear, his administration has committed to hit the countries with tasks equal to non -pricing prices and barriers, such as subsidies, which they impose on American exports.
Trump, who announced last week a price of 25% on all automotive imports, has long accused other countries of exploiting the United States on trade, of throwing its protectionist economic program as necessary to revive national manufacturing and creating jobs.
Trump’s latest prices on cars and other vehicles have set Washington’s relations with some of its closest partners and allies, including Canada, the European Union and Japan, which all have large automotive industries.
Trump’s back and forth announcements on prices also sent attacks via global markets, investors who find it difficult to assess whether the American president intends to make his prices permanent or consider them mainly a negotiation tool.
Trump said last week that he was “certainly open” to conclude agreements with countries to avoid prices after the April 2 announcement.
Asian stock markets fell sharply on Monday in anticipation of new world trade disruptions.
The reference of Japan Nikkei 225 and the reference of South Korea Kospi fell by 3.85% and 2.55%, respectively, at 3:00 am GMT.
Australia’s ASX 200 fell 1.56%, while Hang Seng from Hong Kong was down 1.20%.
Gold, a traditional asset in complete safety during periods of market volatility, exceeded $ 3,100 for the first time, negotiating at a record summit of $ 3,106.79 per ounce.
