Commercial War effect: Argentine shares collapse up to 7% on Wall Street

Commercial War effect: Argentine shares collapse up to 7% on Wall Street

It occurs on a day in which the tariffs announced by US President Donald Trump for Mexico and Canada entered into force.

NYSE

The Actions of Argentine companies collapse up to almost 7% This Tuesday, March 4 at Wall Street, on a day in which the tariffs announced by US President Donald Trump for China, Mexico and Canada entered into force.

Among the biggest casualties of the day, the papers of Energy view, with a 6.9%setback. They are followed by bioceres assets (-5.3%); South gas transporter (-4.2%).

The new 25% Trump tariffs to imports from Mexico and Canada entered into force on Tuesday. He also doubled tariffs on Chinese products at 20%. China immediately contracted with additional 10% -15% tariffs on certain US imports from March 10 and a series of new export restrictions for designated US entities.

Local markets remain closed on Tuesday by Carnival holidays, as happened on the eve. The activity as a whole will return to normal on Wednesday at its usual schedules.

News in development.-

Source: Ambito

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