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On Saturday, the United States started collecting 10% “basic” tariff for all imports when President Donald Trump urged Americans to “hang hard” after the market shock.
The UK and France are among the hundreds of countries, and its leaders said nothing from the table. While China, which was the most violent tariffs of President Trump, announced a considerable retaliation.
All three major stock indices in the US plunged by more than 5%on Friday, and the S&P 500 decreased by almost 6%, and since 2020 has reduced the worst week for the US stock market.
In Washington, New York, New York and other cities, thousands gathered to protest a number of Trump policies -from economy to government cuts.
Trump called the market instability as an “economic revolution” which the US “wins”.
“Agree harshly, it will be not easy, but the end result will be historical,” he added in a report of social truth.
His changes in politics have been directed by strike waves through global supply networks.
In the UK, FTSE 100 decreased by almost 5% – in five years its most steep, while the Asian markets have also fallen and exchanged in Germany and France, which faced similar decline.
Billionaire Elon Musk, a close ally of Trump and responsible for the Department of Government Efficiency (DOGE), said the US and Europe could move to a “zero tariff situation” that can create a “free trade zone between Europe and North America.”
His comments made when he went to a meeting with the Government Ministers in Italy came a few days before the Trump administration introduced the tariffs for up to 50% on April 9, which calls “the worst offenders” for trade imbalances with the United States.
The EU must be reached 20% fee.
In his first term as Trump despised a proposed transaction with the EU called transatlantic trade and investment partners impose tariffs on European cars Aside in 2018.
British Prime Minister Sir Kire Starmer held a number of calls with world leaders after Trump’s tariff announcements on Wednesday.
In a reading published after Sir Keir’s conversation with French President Emmanuel Macron, Downing stated that the couple “agreed that the trade war in the interest of anyone should not be off the table.”
Sir Keir and Macron also “shared the concerns of the global economic and safe impact, especially in Southeast Asia.”
China, the second largest economy in the world, was the most difficult victim of Trump’s “mutual tariffs” in relation to the peoples he considers to be unfriendly to America’s interest.
On Friday, Beijing announced a 34% retaliation tariffs – just like Washington, imposed on China. Beijing also filed a complaint against new tariffs to the World Trade Organization.
In a statement, a day later, China’s Foreign Ministry called on Washington “stop using tariffs as a weapon to suppress the economy and trade in China, as well as stop undermining the legal rights to the development of the Chinese people.”
In Washington and the United States, about 1,200 demonstrations will be held on Saturday, which marks the largest day of protest against President Trump and Musk, as the White House announced a change in politics in how the US government is expanding the executive power.
The White House has not yet commented on the protests, but Trump was painted by the AP photographer – excluded from the Pul -Pul – with the release of the New York Post in his hand, open to China’s article.
The impact on trade, because the tariffs entered the place, was sensitive.
In the UK, Jaguar Land Rover announced that “stop” all supplies to the US How it is working on “resolving new trading conditions”.
