The new trading system in Donald Trump here. The “Tahrir Day” tariff entered into force in the middle of the night, and imposed new taxes that are highly down on the goods from Asia, the world’s manufacturing center. Asian stock markets fell mostly on Wednesday, as it ended the “dead cat” in all parts of the stock markets in the region.
Trump’s most severe tariff on China is one of the largest trading partners in the United States. The total tariff rates on China are now at least 104 %: 20 % of the fentian tariff, 34 % “”Mutual definitions“And then 50 % tariff imposed quickly In response to Chinese revenge measures.
Acute customs duties will reach China’s exports to the United States, which will harm economic growth in the country. Tuesday, CITI reduced GDP growth expectations To 4.2 %, a decrease from 4.7 %.
China will impose a 34 % flat tariff on all US imports on April 10, as part of a broader set of reprisals against Trump’s tariff. Chinese officials held firm, pledged “Fighting to the end“Against Trump’s tariff.
The US President has turned his openness to a deal with China. In his post on social media, he announced a 50 % new tariff for Chinese goods, Trump stated that everyone Negotiations with China were outside. To date late on Tuesday, This is confirmed “China also wants to make a deal badly, but they don’t know how to start. We are waiting for their call!”
However, the performance of the Chinese market was good on Wednesday. CSI 300, which covers the companies traded in Shanghai and Shenzhen, increased by 1.0 %, as Chinese officials promised measures to support the stock market, Publishing “National Team”Huijin Investment – to the Chinese ETF market. Organizers also encourage state -owned companies Start sharing re -purchases.
The Hang Singh Index increased by Hang Kong Index in Hong Kong, about 1.0 %, adding a slight recovery after the market Huge stock decreaseThe worst since 1997, on Monday.
Japan and South Korea, which got a tariff of 24 % and 25 %, respectively, failed to win time exemptions, despite both the main economists. Priority By the White House of customs tariff negotiations.
The Nikkei 225 index in Japan sank by 3.9 %, while KOSPI decreased in South Korea by 1.7 %.
Trump officials have indicated some optimism that trade negotiations with Japan and South Korea will continue. “Things look good”, Trump Books on social mediaAfter a call with the Chargé d’Affairs president, Han Dac Soo.
Seoul is already preparing to support its auto industry, and already denying 25 % of the American customs tariff on imported cars. The government has I promised 10.2 billion dollars In support of the industry, it will encourage greater exports to the “global south”, or markets in Africa, Latin America and Asia.
The Taiwan Taiex index fell 5.8 % on Wednesday, the third consecutive day of sharp declines after Trump announced 32 % against the island. The shares in the Apple Foxconn resource decreased by 10 %, The Daily Limit, for the third time this week. (Foxconn depends greatly on Chinese factories, such as the “IPHONE CITY” complex in Zhengzhou.)
The island offered to reduce the customs tariff to zero and enhance investment in the United States; It also promised not to take revenge. On Tuesday, the island government I promised pregnancy In the stock installation box of $ 15 billion to restore the investor’s confidence.
Southeast Asia
American customs duties in Southeast Asian countries also entered into force on Wednesday. Trump maintains some of the highest tax rates in the region, with Vietnam, Cambodia, Laos and Myanmar got a tariff of up to 40 %.
Southeast Asia’s economies, especially Vietnam, have benefited from the “China one plus” approaches to diversify the supply chain. But this is now threatened with the definitions of “Liberation Day”. The growth of GDP in Vietnam, which depends on American exports, may decrease by 30 % of its economy, by 1.5 full percentage points, at the estimate of Goldman Sachs last week.
Vietnam offered to reduce her definitions on American imports, but Trump officials, like trade consultant Peter Navarro, have already rejected the offer, because he will not address the basic trade deficit. Economists argue that countries like Vietnam and Cambodia are not rich enough To buy enough American goods To completely restore balance.
Leaders around Southeast Asia are now speaking against Trump’s tariff. On Tuesday, Prime Minister in Singapore, Lawrence Wong, criticized the definitions that “no behavior does her boyfriend”, and confirmed again as a free commercial center. Earlier this week, Malaysia Prime Minister Anwar Ibrahim He said it will “The efforts to present a regional front” between the Association of Southeast Asian countries.
This story was originally shown on Fortune.com
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2025-04-09 08:06:00
