Business Reporter, BBC News
Sells in the US stock market occurred as steam gathered on Monday, increasing concerns about the world’s largest economy.
The S & P 500, which tracks the most US companies, fell about 2% in the initial transaction, while Dow Jones fell 0.9% and NASDAQ sank more than 3.5%.
Falls came after the warnings of the “transition period” instead of the “transition period” after the Donald Trump questioned whether the US economy faced a recession or faced a price increase.
But Howard Rutnick, the Minister of Commerce, claimed that there would be no contraction in the United States, but admitted that the price of some products could rise.
Investors are afraid of tariffs -Taxes on products applied when entering the country- In the world’s largest economy, prices increase and ultimately grow.
Rachel Winter, an investment manager of Killik & Co, said to the Today Program: “Trump’s tariff levels will have to be inflated without any doubt.
Economist Mohamed El-Erian was optimistic about Trump’s plans for Trump’s regulation and tax drops and underestimated the possibility of trade war.
He said that the recent decline in the stock market, which began last week, reflects the coordination of the bet.
“The market is completely changed,” he added. Investors also pointed out that they are responding to signals that companies and furniture have begun to prevent spending in uncertainty that can harm economic growth.
The CAC and London FTSE index in France have both European stocks, which is about 0.9% lower, closed on Monday. Germany’s DAX decreased 1.75%.
Susannah Streeter, the owner of the stock broker Hargreaves Lansdown, said that it was because of “anxiety on the impact of the Trump tariff.” She added that concerns about the US economic downturn are worried about investors.
TESLA stocks decreased by about 8% on Monday, while Tech Stocks NVIDIA and META fell more than 4%.
Trump, who was recorded on Thursday in an interview with Fox News in an interview on Sunday, seems to have responded to the question of whether the United States is facing a recession.
“I think it will take some time, but I think it will be good for us.”
The United States has accused China, Mexico and Canada that it is not enough to end the flow of illegal drugs and immigrants to the United States. The three countries refused to accuse.
He imposed a 25%new tariff on imports in Mexico and Canada last week, but two days later, he exempted much of the product.
Trump also doubled its blanket tariffs on China’s products to 20%.
The United States is facing retaliation, including China’s new breast tariffs for US agricultural products, which are now on effect on Monday.
They mean that US exports, including chicken, beef, pork, wheat, and beans, face new tariffs of 10%to 15%.
Ontario Premier Doug Ford, which leads the most population in Canada, is also I will go forward with a 25% surcharge fee It was announced as a retaliation for tariffs to energy exports to the United States.
When Trump expands, he warned, “It won’t hesitate to completely block electricity.”
Howard Root Nick, Minister of Commerce, said in NBC on Sunday and admitted that “foreign products can be a little more expensive.”
“But American goods will be cheaper,” he said.
But when the US economy could face the recession, he added:
Former US Department of Commerce, Frank Lavin, thought that the trade war was unlikely to be controlled by the BBC.
But tariffs will eventually be “disappearing a bit,” but still will be “additional burden on the US economy.”
Han Shen Lin, a consulting firm of ASIA Group, told the BBC’s today’s program:
“China realized that it could not be exported by GDP growth, so we are currently focusing on the domestic economy.”
