US stocks erase post-election gains on Trump tariff fears

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Tuesday, US shares have deleted all the interests of Donald Trump’s election after President Tariffs Washington’s largest trading partners suffered serious damage to the world economy.

The S & P 500, which hit a record less than two weeks ago, was closed by 1.2 percent on Tuesday, November 5, at the following session.

Tech-Heavy Nasdaq Composite closed 0.4 percent lower, restoring some of its earlier losses.

The regions came after Trump 25% tariffs The import of importance from Mexico and Canada on Tuesday, causing insults from the US neighbors and fear.

The White House also charged the additional 10 percent of the total tariffs from China, as the president’s defense policy forced investors to have concerns about global economic slowdown.

“The global trade war loses the lost situation for all,” says Alen Bokobzan, Société Générale. “Some people will lose relatively more than others, but everyone will lose.”

In recent days, the US Stock Exchange has been severely strike, unlike the victory of overcoming, when investors are attracted to reduce corporate taxes to the profit.

“This is what happens when the market that could improve for improvement, he sees what the least want to see. Tariffs and slow gray gray.

Presidential tariffs have been responsible for the highest levels of the three largest partner partners in the United States, and the prospect of further growth is still high.

Canadian Prime Minister Justin Trudo has announced that Trump’s reason for tariffs. The cross-border trafficking of Fenthanler is “completely false” and suggested that the US President really wants to “collaps the total of Canadian economy.”

He added that Ottawa will take revenge on USD ($ 21 billion US dollars) in US dollars.

Ontario, the most expenditious state of Canada, says it will remain its contract with Starlink, the intonant satellite supplier, which was founded by Elon Mushk and bars. It also stated that he will no longer sell American alcoholic beverages.

Before serving on Sundays, China said it would take 10-15% tariff on US agricultural items, from March 10 for soy and wheat.

Even before this week’s tariffs, some US economic indicators announced possible problems.

The survey conducted by the American Association of Individual Investors showed the confidence of investors at the end of February, while the Federal Reserve Bank of our GDP growth assessment indicated 2.8 percent in the first quarter.

Bank shares that are sensitive to economic chandeliers. Tuesday declined a heavy decline, during which the KBW bank index decreased by 3.6%.

On Tuesday, Citigroup and Bank fell by 6.3 percent. Morgan Stanley lost 5.7 percent, and Goldman Sachs flows by 4%.