The United States said on Tuesday that 104% of imports on imports from China will take effect shortly after midnight, even though the Trump administration decided to quickly start talks with other trade partners targeted by the Radical Price Plan of US President Donald Trump.
American actions fell on Tuesday for a fourth consecutive day of negotiation since the announcement of Trump prices last week, the S&P 500 below 5,000 for the first time in almost a year. The index is now 18.9% below its last summit on February 19, almost the 20% drop which defines a lower market.
S&P 500 companies have lost 5.8 billions of US dollars in market value since Trump’s pricing announcement last Wednesday, the deepest loss of four days since the reference of the 1950s, according to LSEG data.
The global markets had previously published gains on the hope that Trump could be willing to negotiate the range of trade barriers specific to the country and to the products it erects in the largest consumer market in the world.
The administration has planned discussions with South Korea and Japan, two nearby allies and the main trade partners, and Italian Prime Minister Giorgia Meloni is expected to visit next week.
“These are tailor -made and very personalized offers,” said Trump during a White House event, where he signed decrees aimed at stimulating coal production. “We have had interviews with many countries, over 70 years old, they all want to enter. Our problem is, I cannot see so quickly.”
But the White House clearly indicated that specific prices in the country up to 50% would nevertheless take at 12:01 p.m., as expected.
China strikes the United States in a vulnerable place while the trade war degenerates between the two. Then Andrew Chang explains why the calculations used to determine President Donald Trump’s global reciprocal prices are misleading.
These prices will be particularly high for China, because Trump has increased his rights over his imports to 104% in response to counter-tale, announced last week. China refused to bow to what it called “blackmail” and swore to “fight until the end”.
Administration officials said they would not give priority to negotiations with the world’s economic power.
The United States will itself be faced with new prices at 00:01 He Wednesday-of Canada-25%, on fully assembled vehicles that do not comply with the Canada-American Agreement (CUSMA), when imported in Canada from the United States
Completely assembled vehicles in accordance with CUSMA will also be affected with 25% prices on their non-Canadian and non-Mexican content, when they are brought to Canada from the United States
Prime Minister Mark Carney had telegraphed that Canada would advance these countermeasures, and the Minister of Finance of Canada confirmed on Tuesday that they were advancing.
“Canada continues to respond forcefully to all unjustified and unreasonable prices imposed by the United States on Canadian products,” said Finance Minister François-Philippe Champagne Champagne said in a press release.
“Do not make exemptions … in the short term”
Trump’s radical rates have raised fears of recession and upset a global prescription that has been in place for decades.
“Right now, we have received the instruction to prioritize our allies and our business partners such as Japan and Korea and others,” said White House economic advisor Kevin Hassett, on Fox News.
Trump’s tailor-made approach to negotiations with individual countries could take into account foreign and military aid as well as economic factors, said White House spokesperson Karoline Leavitt.
Trump’s main trade negotiator, Jamieson Greer, told Congress that his office is trying to work quickly but does not face a special deadline.
“The president was clear, once again, that he does not make short -term exemptions or exceptions,” Greek told legislators.
China is preparing for a war of attrition, and the manufacturers warn against profits and rush to plan new factories abroad. Citing an increase in external risks, Citi reduced its growth forecast of China’s GDP in 2025 to 4.2% from 4.7%.
According to a Reuters / Ipsos survey.
Consumers store
Chipmaker Micron told customers that he would impose a surcharge linked to prices on Wednesday, while American clothing retailers said they would delay orders and retain hiring. The racing shoes made in Vietnam which are now sold by $ 155 in the United States will cost US $ 220 when the price of 46% of Trump on this country takes effect, according to an industry group.
Consumers are full while they can. “I buy double anything – beans, preserves, flour, you call it,” said Thomas Jennings, 53, pushing a basket through the aisles of a New Jersey Walmart.
Large basization price increases may not appear immediately, because the prices will not apply to the goods which were already in transit before they take effect.
The market slide prompted certain business leaders, including those close to Trump, to urge the president to reverse the course. World oil prices stabilized after falling at four years.
The European Commission, on the other hand, considering counter-tariffs 25% on a range of American products, including soybeans, nuts and sausages, although other potential items like Bourbon whiskey have been left out. Officials said they were ready to negotiate.
The block of 27 members is struggling with prices on cars and metals already in place, and faces a tariff of 20% on other products on Wednesday. Trump also threatened to impose prices on EU alcoholic beverages.
European pharmaceutical companies, also fearing pricing spinoffs, warned the president of the European Commission, Ursula von der Leyen, at a meeting that Trump prices would accelerate the change in Europe industry and the United States.
The markets in Asia, Europe and North America displayed gains on Tuesday after days of losses after the announcement by US President Donald Trump of world prices. Meanwhile, China has promised to “fight until the end” and launched consultations in dispute with the World Trade Organization.
