sexta-feira, 23 de maio de 2025

Analyst: Trump triggers new plunge in equities

 


4h ago

13.08 BST

https://www.theguardian.com/business/live/2025/may/23/energy-price-cap-cut-great-britain-retail-sales-stock-markets-bonds-business-live-news?filterKeyEvents=false&page=with%3Ablock-6830643c8f08fb88c85e3530#block-6830643c8f08fb88c85e3530

 

Analyst: Trump triggers new plunge in equities

Donald Trump’s two-pronged attack on the European Union, and on Apple, has swiftly destroyed hopes that the trade war was cooling.

 

There’s been a period of calm in the last couple of weeks, after the US and China agreed a 90-day pause and the elimination of most of the tariffs imposed on each other during April.

 

The threat of 25% tariffs on iPhones made abroad, and 50% on imports from the EU into America, has brought an end to the peace.

 

Fawad Razaqzada, market analyst at City Index and FOREX.com, says “all the optimism over trade deals [has been] wiped out in minutes – seconds, even”, explaining:

 

US index futures and Apple shares tumbled in premarket as Trump warned the company of 25% tariffs if manufacturing of iPhones is not moved to the United States.

 

He then triggered an even bigger after recommending 50% tariffs on EU starting June 1. The German DAX dropped over 500 points and similar moves were seen in US index futures

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