The formalization of new US customs dictatorial It has led today (1.8.2025) to the global stock market in Red, although the transfer of their implementation on August 7th enabled many countries to negotiate until the last minute with Donald Trump to avoid too high taxes.
Wanting to “restructure world trade for the benefit of US workers” with duties ranging from 10% to 41% versus about 70 commercial partnersWashington once again sinks the world economy into great uncertainty.
Although some Asian countries welcome the agreements reached, others, from Canada to Switzerland, they are still under the shock of these new commercial barriers, which are sometimes prohibitive.
The financial markets reacted badly today to this new situation.
In Europe, large stock markets are down, with pharmaceutical companies in red. In addition to the cumulative burden of US customs duties from dozens of countries, financial markets were also affected by the first signs of deterioration in the labor market in the United States.
In Paris the Stock Exchange recorded 2.91%losses, in Frankfurt 2.66%, Milan 2.55%, London 0.70%.
In Asia, although transactions on China and Japan stock markets were slightly declining, the Seoul stock market fell 3.88%.
In Wall Street, the contracts of future fulfillment of the three main indicators herald a clear decline.
The General Index on the Greek Stock Exchange also lost 1.73%.