The reality of euphemism “reciprocal” duties to imports from more than 180 countries announced last Wednesday by US President Donald Trump was worse than investors’ fears, as shown by the pounding of the stock markets. Stock prices dipped around the world on Thursday that intensified on Friday, after China’s response by imposing duties on imports of US products and checks on exports of certain rare earths to the US. It is noteworthy that the fall was bigger on Wall Street, with the S&P 500 shares sliding about 11% on the two -day period and its capitalization decrease by 5.4 trillion. dollars while the Nasdaq index fell 12%. In Europe, the Stoxx 50 closed with a loss of about 8% on the two days. In addition, the dollar suffered a pounding and the euro exchange rate was ricked about 2%, over $ 1.10 for some time, although […]
Source: News Beast
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