American actions have closed sharply lower, reversing an early rally after the White House said that Donald Trump would advance with his threat to hit China with rights over 100%.
The S&P 500 reference index closed 1.6%, a significant traction of a gain of 4.1% earlier in the negotiation day. Composite Nasdaq has lost more than 2%.
Tuesday’s oscillations were the last turbulence in American actions after Trump announced last week a plan to impose high prices on dozens of countries, threatening to trigger a total trade war.
The White House said on Tuesday that additional 50% prices on Chinese products would come into effect on Wednesday after midnight in Washington. This would come in addition to the “reciprocal” measures announced last week, and other samples, which makes total tasks greater than 104%.
Earlier Tuesday, the White House had reported an increased desire to negotiate with American trade partners to reduce their samples, but there were mixed signals during the day.
Washington agreed to open talks with Japan, with the American secretary of the Treasury, Scott Bessent, said on Monday that Tokyo “would have absolute priority when they appear very quickly”.
Trump posted on his Truth social platform that he also spoke to the acting president of South Korea, adding that “we have the limits and the probability of many for the two countries”.
On the other hand, the tensions between the United States and China rushed on Tuesday when Beijing performed to “fight until the end” if the United States crowded with steep prices on the country.
One day earlier, Trump threatened to hit China with an additional 50%rate after Beijing last week said it would correspond to his “reciprocal” service of 34%.
The Stoxx Europe 600 on a regional scale, the FTSE 100 and Germany all increased around 2.3% on Tuesday.
In the currency markets, the US dollar fell 0.3% compared to a basket of business partners.
Oil prices have dropped, the Brent international reference index exchanging 3.8% less than $ 62 per barrel in the New York afternoon, while WTI, the American scorer, dropped a barrel from $ 3.7% to $ 58.46.
American oil prices are now lower than many American producers need to break even on their wells.
