Global stocks sank, a day after President Donald Trump announced, sweeping a new tariff that is expected to raise prices and educate growth in the United States and abroad.

The stock markets in the Asia Pacific region decreased for the second day, after the S&P 500, which follows 500 of the largest American companies, decreased by 4.8 % – its worst day since the Covid economy was disrupted in 2020.

Nike, Apple and Target were among the worst names of consumer, all of them drowned by more than 9 %.

At the White House, Trump told the correspondents that the American economy “flourishes”, as he stood next to his decision to impose a tariff at least 10 % on imports, which argues that he would enhance federal revenues and attend the American industrial home.

The Republican President plans to strike products from dozens of other countries that have much higher fees, including trading partners such as China and the European Union.

China, which faces a total tariff of 54 %, and the European Union, which faces duties of 20 %, both pledged revenge on Thursday.

Definitions of taxes are identified on the goods imported from other countries, and the Trump plan announced on Wednesday will take over these duties for some higher levels in more than 100 years.

The World Trade Organization said it is “very concerned”, as it is estimated that trade volumes may shrink 1 % this year.

Traders expressed concern that the customs tariff can cause inflation and procrastination.

In early trading on Friday, the Japanese NIKKEI 225 index fell by 1.8 %, KOSPI in South Korea was 1 % lower, and ASX 200 fell in Australia by 1.4 %.

On Thursday, the S&P fell approximately $ 2 by $ 2, and continued to sell continuously since mid -February amid fears of the trade war.

Dow Jones closed about 4 % less, while Nasdak fell about 6 %.

Earlier, the FTSE 100 share index in the United Kingdom decreased by 1.5 %, and other European markets decreased, echoing a decrease from Japan to Hong Kong.

On Thursday at the White House, Trump doubled on a high -risk maneuver aimed at reflecting contracts of US -led liberalization that formed the world trade.

“I think it’s going well,” he said. “It was a process like when the patient is turned on, and this is big. I said this would be exactly what it is.”

He added: “The markets will increase them. Stop the shares. The country will flourish.”

“If someone says we will give you a very cool thing,” Trump also said that he is open to negotiate with the trade partners on the definitions.

On Thursday, Canadian Prime Minister Mark Carne said that the country will be divided with a 25 % tax on vehicles imported from the United States.

Last month, Trump imposed a 25 % tariff on Canada and Mexico, although he had not announced any new duties on Wednesday against trade partners in North America.

Companies are now facing a choice to swallow the cost of customs tariffs, work with partners to exchange this burden, or transfer it to consumers – and risk decreased sales.

It can have a significant impact because American consumers spending up to about 10 % – 15 % of the global economy, according to some estimates.

While the shares fell on Thursday, the price of gold, which is seen as one of the safest assets in times of turmoil, touched a record of $ 3167.57 an ounce at one point on Thursday, before returning.

The dollar also weakens against many other currencies.

In Europe, the customs tariff can decrease growing by almost a percentage point, with another blow in the event of a mass revenge, according to analysts in managing the main assets.

In the United States, the recession is likely to be achieved without other changes, such as the major tax cuts, which Trump also promised, Sima Shah, the company’s chief international strategy in the company.

She said that Trump’s goals of strengthening manufacturing would be a process that takes years “if this happens at all.”

“Meanwhile, the sharp tariff for imports is likely to be an immediate traction on the economy, with limited benefit in the short term,” she said.

On Thursday, Stelantis, which makes Jeep, FIAT and other brands, said it temporarily stops production at a factory in Toloca, Mexico and Windsor, Canada.

She said this step, in response to the Trump tax by 25 % on car imports, will also lead to temporary hairstyles from 900 people in five factories in the United States that provide these factories.

In the stock market, Nike, which made a lot of sportswear in Asia, was among the most difficult S&P successes, as the shares decreased by 14 %.

The shares in Apple, which relied heavily on China and Taiwan, decreased by 9 %.

Other retailers decreased, with the target of about 10 % decreased.

The motorcycle maker Harley Davidson-who was subject to reprisals by the European Union during the first period of Trump as a president-decreased by 10 %.

In Europe, the shares of the Aidas Sports Company decreased by more than 10 %, while the shares decreased in Poma’s competition by more than 9 %.

Among the luxury commodity companies, the jewelry company Bandura decreased more than 10 %, and LVMH (Louis Vuitton Met Hennessy) decreased more than 3 % after imposing a customs tariff on the European Union and Switzerland.

“You see that retailers are destroyed at the present time because the tariffs extended to the countries that we did not expect,” said Jay Woods, the chief global strategy in Freedom Capital Markets, adding that he expects more turmoil in the coming.