4h ago
13.08 BST
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
Sem comentários:
Enviar um comentário