Global shares slide as Trump imposes import tariffs – Boise State Public Radio

Updated 03 February 2025 at 07:32

Global stock markets have dropped, increased dollars, oil prices have risen, with stock market futures dropped sharply on Monday after President Trump imposed tariffs to import from key trading partners Mexico, Canada and China over the weekend.

The Asian markets fell with Taiwan, South Korea and Japan, performing the worst. The Nikkei Index in Japan decreased by about 2.5%, while Hong Kong’s Hang Seng dropped by 1.3% in early trade.

Trump imposed a 25% tax on most goods imported from Canada and Mexico and an additional 10% for goods from China.

The president’s tariff threats also shook markets in Europe. The Stoxx 600 Pan-European Index dropped by 1.4% on Monday morning. The German DAX decreased by 2%. The FTTe 100 Index, which tracks the hundred largest companies listed in London, fell 1.25% at the beginning of trade.

The shares of many car manufacturers have been reduced, given the complex nature of supply manufacturers, according to the US, Canada and Mexico. Many also produce cars in Mexico or Canada before being exported to American Stellantis, Volkswagen, Toyota, Nissan and Honda, everyone fell. GM and Ford shares have declined sharply in the market before the market on Monday.

President Trump said on Sunday night that the new EU rates “will definitely happen”, but suggested that he could take a softer line in the UK, saying that he had a good relationship with Prime Minister Kyer Starmer, but that the United Kingdom ” It can still be punished.

Meanwhile, the dollar has intensified with a number of currencies, including the euro, the Mexican Peso and the Canadian dollar.

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