Stocks fall as Donald Trump’s tariffs take effect

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Donald Trump has caused tariffs on Canada, Mexico and China, promptly revenge against Beijing and sending stocks lower, as the erection of fear on the global trading war.

On Tuesday, the 25% tariff for importance from Canada and Mexico came into force on Tuesday, with an additional 10% for Chinese imports.

The tariffs on China come at the top of the previous 10 percentage price, which does not force Chinese imports last month.

The US President said that the steps are answered to fight against trafficking of the landslide.

On Tuesday, China said that it would fall at 10-15 percent of US agricultural products, from soy and beef and wheat. Earlier, Canada promised revenge such a tariff for $ 30 billion in US imports.

Tariffs against three major American trade partners have caused several of the highest levels.

Hong Kong’s Hang Seng Postcode and 300 continental China CSI fell 0.2 percent. Japan’s exporter-heavy Nikkei 225 SILID 1.7 percent, and Australian S & P / ASX 200 retreated by 0.6 percent.

Overnight in Wall Street, the S & P 500 has closed almost 2% of the NASDAQ composite decreased by 2.6 percent, tariffs come into force after Trump said.

“The shares lasts the leaf on Monday,” said Mincro Kutchan, head of Mass Musca and FX Strategy in Barclays. “We have quite drastic steps in US stocks, so I think this is a response to it. If the US is slowing down, it is clearly not good for the rest of the world. “

Tuesday dollars fell by 0.3%, including euros, yen and pounds after a decline in 0.8 percent.

“I think the message is that the assets of risk are beaten a little bit,” Kokcha said, adding that the weak US economic data leads to the slowdown in the world’s largest economy.

On Monday, the White House told Trump that there was no “no place” for the last minute negotiations with Canada and Mexico.

“Tariffs, you know, they are all set. They come into force tomorrow, “he said.

North American charges are defined by 25%, except for Canadian oil and energy products, which will stand 10%. Canada accounts for about 60 percent of the United States.