Donald Trump’s trade war impacts the bags: Asian bags were derived and Wall Street futures fall

Asia’s bags closed in red this Monday, February 3 after the war unleashed by Donald Trump during this weekend. Asian stock markets collapsed on Monday and futures of the European and American actions pointed strongly downward After the tariffs that the president of the United States, Donald Trump, imposed on Canada, Mexico and China unleashed fears of a wide commercial war and a setback to world growth.

In this context, andThe Japanese Nikkei lost 2.6%, Australian ASX yielded 1.8%and the South Korea Kospi lost 2.5%. In Wall Street, Dow Jones futures lose 1.2%, S&P500 futures fall 1.6%and Nasdaq 1.6%.

For its part, the Chinese stock market is still closed by the New Year’s festival, although a negative reaction of this market is expected, after Trump has taxed 10% tariffs on all Chinese exports that enter the United States. The Chinese government announced a formal complaint to the World Trade Organization and He pointed out that he will take countermeasures to respond to Trump’s measure. In the Asian markets on Monday, the actions collapsed, with a fall of car manufacturers in the Tokyo bag: Toyota (-1.07%), Honda (-7.20%) and Nissan (-5.6%), they collapsed all of which manufacture some vehicles in Mexico and export products to the United States – particularly strong.

The American president also announced 25% tariffs on exports from Canada and Mexico and both countries already indicated that they will react to the tariff war. Trump also anticipated that he will impose “soon” tariffs on the products of the European Union.

How other markets operate this Monday

In other markets, Brent oil rises 1% ($ 76.44). For its part, the euro depreciates 1.3% and the ounce of gold loses 0.4% ($ 2,821). In addition, the 10 -year American Bonus Profitability relaxes 4.55% and Bitcoin loses US $ 100,000.

For its part, The US dollar shot at a historical maximum compared to the Chinese Yuan in the international market, its level higher in front of the Canada currency since 2003 and the strongest against Mexican weight since 2022. The Hong Kong bags, in which Chinese companies are quoted, descended 1.1% to reopening after the holidays of the New Year lunar. The markets of Continental China resume their operations on Wednesday after the holidays. Futures of the Paneuropeo Stoxx 50 index sank 2.7%.

When tariffs enter into force and what can happen

Tariffs, described in three executive orders, will take effect this Tuesday. Trump’s measure was the first blow of what could mark the beginning of a destructive world trade war and boost an increase in inflation in the United States, That “it would arrive even faster and would be greater than we expected initially,” said Paul Ashworth, from Economics Capital.

A model of the head economist of EY, Greg Daco, who evaluates the economic impact of the Trump tariff plan, points out that the new levies would reduce the economic growth of the United States In 1.5 percentage points this year, they would take Canada and Mexico to the recession and initiate a “stagflation” in the country.

Barclays strategists previously estimated that Tariffs could be a ballast of 2.8% for the benefits of companies of the S&P 500, including the planned consequences of the reprisal measures of the affected countries.

The American currency It was revalued up to 2.8%. at 21,2547 Mexican pesos, the highest level since March 2022, and It rose to 1.4%, to 1.4755 Canadian dollars, a level not seen since 2003. The euro lost up to 2.3%, at $ 1,0125, the lowest level since November 2022.

Trump said the weekend that “There will certainly be” tariffs to Europe. The profitability of two -year -old American treasure bonds advanced 3.6 basic points, up to 4,274%, its maximum in a week, for the fear that tariffs fan inflation in the United States and delay the cuts of interest rates of the Federal Reserve.