A reversal For global markets and economy Completed yesterday (11.04.2025) under the burden of trade war and unprecedented dictatorial Between the US and China.
World trade, and the operation of economies, will never be the same for the duty battle as long as we are still in the first steps of the trade war, and not at the end ofthe consequences are already unbearable, with the possibility of a recession already covering the planet.
Most, The global economy has to go with some configured data. Although they can change from time to time, a record of them is useful.
What are the announced tariffs so far?
Announcements on the announcements, in terms of the US and of China, have shaped a scene of a harsh war between the two states.
The amount of duties imposed by the US against all Chinese goods, is up to… 145%as Donald Trump’s announcement for 125% duties is added to the 20% duty they had imposed on China in March to “punish” it for the production and marketing of Fentanyl.
For its part, China replied Friday with announcement for duties 125% From 84% to all American products starting today, April 12th.
25% US duties still apply to aluminum, cars, goods from Canada and Mexico not subject to the US -Mexico – Canada Agreement.
Between the US and the EU as well as all other trade partners of the superpower, one prevailed one partlyas Donald Trump announced 10% of duties for all other imports except China for 90 days, and the EU also responded by freezing its own duties against the US for the same time, with the hope of finding a solution through negotiations in the interim.
What are the impact of duties on trade between the US and China?
The above means that one Commercial Tumor of goods worth $ 688 billionexchanged between the US and China, is “in the air”. US factories are already canceling orders, while Chinese producers put their employees on a temporary license. According to the Sonar Container Atlas platform, Falling in daily reservations containers is 25% compared to last yearas many US displays suspend missions, while others stack their products in customs warehouses until the landscape is cleared with duties.
How is the international economy affected by the trade war?
Despite the 90 -day US truce with all their commercial partners (except China), forecasts are ominous for the possibility of a recession. The Canadian DBRS speaks of solvents of US trade policy, despite the truce, which will lead to slower economic growth and higher inflation in the US in 2025, while Uncertainty is not an “ally” for future credit ratings internationally…
Indeed, as the evaluation house says, all areas of the world are affected by US duties, but Asia and Europe are more directly affected.
What are the impact on markets so far?
The last week was extremely unstable For global markets, especially for US assets. Despite the April 9 rally on Wall Street with 2,963 profits for Dow Jones and Friday’s rise, they were recorded Severe daily losses from 320 to 2,231 units for industrial index. However, the week closes with a positive sign, recording the highest rise from 2023.
European Stoxx 600 fell strongly falling at the end of the week up to 469 points while strong was the sell off and in Asian markets.
At the currency level, The dollar was plunged against the euro Reaching the exchange rate up to 1.3, while the impact on its matches and other coins, such as the Japanese General and the Swiss franc, were similar.
The consequences were painful for 5 days for the cost of borrowing the US State, with the bond yields to record the greatest rise from the mid -1980s.
Finally, despite a partial recovery on Friday, oil prices scored their second consecutive weekly decline by 2%, with the American slow ranging close to $ 60 a barrel.
How are Greek exports affected in the US?
The “freezing” of duties by Donald Trump for 90 days, that is, until July, It does not mean that they are eliminated. A 10% levy has already been implemented, leading to re -evaluations imported products sold on the US market, thus inevitably affecting Greek exports.
Thus, the branches of Greece’s economy that are expected to be affected and see Possible Falling their exportsare petroleums, fruits and vegetable preparations, building materials, appliances, olive oil and olives, cheeses, canned peaches, frozen fruits, wines, pastries, minerals.
What are the “defense” measures of the Greek government?
The Greek Government after an extraordinary meeting of Government Council for Economic Policy It formulated a plan to limit the impact of the trade war on our economy, with an emphasis on boosting business extroversion, but also on other reforms related to the completion of the Land Registry, the participation in the labor market, the digitization of justice and more.
More specifically, in particular in business and exports, there was talk of the ‘Extraversion Program for SMEs’ (which is already integrated into the NSRF 2021-2017), the simplification of a business environment with bureaucracy and administrative burdens, the digital transformation of agri-food sector, the implementation of a road map of 2022-2026 and more.