Wall Street opened with strong falls on Monday, weighed by the new tariffs imposed by Donald Trump to United States commercial partners in the middle of a complete rectification of the economic direction of the US, of which everyone benefited.
In the first operations, the Dow Jones index fell 1.25%, the Nasdaq technological dropped 2.14%and the expanded S&P 500 index lost 1.65%.
Wall Street ended up on Friday after a positive day, but the confirmation of tariffs to Mexico, Canada and China from the United States began to tremble investors.
The Dow Jones lost 0.75%, the Nasdaq 0.28%technological index and the S&P 500 0.50%.
“The discussions about tariffs in the afternoon created a new wave of uncertainty” in the bag, summarized Patrick O’Hare, from Briefing.com.
The necessary change of course
The three main indices fell after the White House spokeswoman, Karoline Leavitt, confirmed the tariffs to products of the main commercial partners of the United States that are China, Canada and Mexico.
“We are going to impose tariffs on microchips (…) oil and gas,” said President Donald Trump to journalists in the Oval office. The measure also includes steel.
Trump added that some of these tariffs could go into force on February 18.
Mexico and Canada will be affected by 25% and China tariffs of 10%, because in January 2020 Trump himself achieved a historic agreement on tariffs with China, after a year and a half commercial war.
President Trump, who returned to the White House on January 20, repeatedly announced this threat against these countries that he accuses of not doing enough to combat fentanyl traffic and avoid illegal migration to the United States.
The yields of the treasure bonds rose in reaction to the measure.
Many car manufacturers that have at least one usina in Mexico also yield. Stellantis fell 2.88%, Ford 0.79%, and General Motors lost a marginal 0.08%.
