After weeks of anticipation, global investors finally enjoy the vision of US President Donald Trump The “mutual” definitions.

If the stock market reaction is any evidence, the “Tahrir Day” tariff that was revealed on Wednesday exceeded its worst concerns.

From the United States to Asia to Europe, the markets have declined, as investors have absorbed the effects of the most spinning towards protectionism by the largest economy in the world since the 1930s.

Future contracts with NASDA-100 decreased standard in the standard United States and NASDAQ-100-which can be traded outside the usual market hours-by more than 3 percent and 3.5 percent, respectively, representing the road to heavy losses when the Wall Street reopen on Thursday.

The Japan Nikkei 225 index fell by 4.5 percent, while South Korea KosPi and Hong Kong Hang Seng decreased by more than 2 percent.

In Vietnam, the Standard VN-Index Index suffered one of the worst days in its history, with more than 6 percent fell.

“More aggressive than expected”

“The rise in customs tariffs was more aggressive than expected,” said Lin Song, the Senior Economist in Greater China at the Dutch Bank at the Dutch Bank.

“Many expected a range of 10-20 percent of the customs tariff. This type of aggressive step will risk some revenge on the largest players, although the smaller countries can choose an attempt to negotiate for a lower rate.”

Daniel Eve, an analyst at the Los Angeles, headed by Los Angeles, went on to describe Trump’s plans as “worse than the worst scenario.”

While Trump announced a 10 percent basic tariff for all imports to the United States, he confirmed that he will be imposed much higher on dozens of other countries.

The most intense prices apply to both commercial partners in the United States, smaller economies – animals and competitors – both.

China, the third largest trading partner in the United States, is facing more than $ 430 billion in US imports annually, a 34 percent tariff.

When adding to Trump’s previous definitions to Chinese goods, the latest tariff raises the total rate to 54 percent.

“From our point of view, the scale and speed of additional definitions of the new Trump administration and other measures against China are much worse than the markets expected, although these events are exposed to our most cautious views,” Ting Le Lu, Chinese chief economist in Nomura.

The European Union is scheduled to be exposed with a 20 percent tariff, while Japan and South Korea face 24 percent and 26 percent, respectively.

Some of the most severe prices have been applied to developing economies that are likely to lose from the serious disturbances against trade, including Cambodia, Vietnam, Los, Myanmar, Sri Lanka and Laus, which faces a tariff of 44-49 percent.

The Trump list included exemptions for a limited number of goods, including semiconductors, oil and pharmaceutical products.

“These customs tariff numbers are worse than expected-it is certain that it was shown from Asia, where everyone is beaten. It will strike an area that is truly exporting, sudden and huge price increases,” said Deborah Els, head of commercial policy at the Henretch Foundation in Singapore.

“This will lead to loss of jobs in the already poor markets and are often fragile.”

European Union, China Revenge

China and the European Union, the two largest economies in the world, have promised to take revenge on its commercial measures, although many trade -dependent smaller economies hesitate to respond in any way that may exacerbate trade tensions.

Weeks after market fluctuations due to uncertainty about Trump’s plans, the main question is whether definitions can be reduced in negotiations between Washington and its trading partners.

“The declaration of customs tariffs does not eliminate uncertainty, but we hope to set borders on the extent of poor economic results,” Brian Jacobsen, chief economist at Annex Wealth Management, told Al Jazerera.

“Including the non -carrier barriers pushed the tariff to the top of what it was. This is also the most difficult part of its appreciation, so it may leave a large door open to negotiations. Framing this tariff as is the case with mutual, we hope it will reduce the possibility of revenge.”

Gary Ng, a senior economist at the Investment Bank in Natx in Hong Kong, said that although he is expected to work as American trade partners for a compromise, at least some measures will be permanent.

“Regardless of the deal, it is very likely that the United States will maintain part of the definitions of all,” NG told Al Jazerera.

While the intensity of Trump’s tariff seemed to surprise many investors, there is room for stocks for further fall – depending on the following moves of the administration.

Jpmorgan and Goldman Sachs have placed the possibility of Trump’s protectionist policies to transfer the US economy to this year by 40 percent and 35 percent, respectively.

Felgko Fotak, associate professor of financing at the university in Boufalo, said the market does not witness the last Trump announcement as the last word on the customs tariff.

“If so, the markets will decrease dramatically, because this type of customs tariff system will actually ensure stagnation. The long-term tariff policy remains unconfirmed-how will other countries interact? Will the United States escalate? Will it retreat?” Tell the Fotak Al -Jazeera.

“The markets did not interact strongly, but we will see more descending corrections if these definitions continue – and more dramatic movements if the trade war escalates.”