- Us Stock Futures fell on Sunday evening While Wall Street was preparing for the last salvo of President Donald Trump’s trade war. THE Wall Street Journal said the advisers have considered a global tariff of 20% on almost all countries, although reciprocal prices are always an option. This follows a previous report which said that Trump is considering more aggressive duties to transform the American economy.
Investors reprimand themselves for potentially jack -on driving as a critical week for the markets and the economy starts, with reports indicating that the trade war of President Donald Trump could soon become even more intense.
Dow The term contracts fell by more than 180 points, or 0.43%, while the term contracts on S&P 500 dropped by 0.5% and Nasdaq Under -term contracts dropped by 0.7%. This follows the sale on Friday which saw the wide market index avoid 2%.
The new prices dominated the weekend and said that more climbing was ahead. On Sunday, sources told the Wall Street Journal The fact that Trump prompted his advisers to become more aggressive on prices, including higher rates on a wider set of nations.
An option to study in recent days is a global rate of up to 20% which strikes almost all American trade partners, reviving an idea that Trump floated on the campaign track.
A rate of 20% would increase the bet. Fitch Ratings previously estimated that if Trump made all his previously announced plans, the actual American rate rate could reach 18% on average, the highest level in 90 years.
According to the NewspaperBut a source that said Trump wants a “large and simple” policy.
This suggests that the possible tariff policy will be wider than the “Dirty 15” plan of the Treasury Secretary Scott Bessent to set prices on 15% of the countries that the administration considers the worst business partners.
The White House did not immediately respond to a request for comments.
Likewise, the Washington Post reported on Saturday that Trump is considering a unique universal price As part of an effort to fundamentally transform the American economy.
This means that most imports would be confronted at the same rate, whatever the country from which they come, according to the report, adding that Trump considers a single obligation as less likely to be watered down by exemptions.
Intense discussions are underway before Wednesday, which Trump presented as “Liberation Day”, when his next batch of prices is revealed.
Trump has already slapped prices on China, Canada, Mexico, Steel, Aluminum and Automobiles, while threatening tasks on pharmaceutical products, fries, wood and the European Union.
Last week, he suggested that it would show “flexibility” on reciprocal prices, and earlier The reports indicate that these would be more targetedRaise hopes for Wall Street than their impact would be less serious.
But after the actions have rallied, its Announcement of car prices Wednesday, contributed to another sale, which was also fueled by signs that prices aggravated inflation as well as consumer expectations concerning future inflation.
Also Saturday, Trump was held near his car pricestell NBC News That they are permanent and that he does not care about it the car manufacturers to increase prices.
“I don’t care if they increased prices because people will start buying American manufacturing cars,” he said. “I don’t care. I hope they will increase their prices, because if they do, people will buy American manufacturing cars. We have a lot. ”
Trump later said that if prices on foreign cars increase, consumers will buy American cars.
Meanwhile, several major reports are due this week that could reveal to what extent the economy feels Trump’s prices and abrupt federal job cuts.
On Tuesday, the manufacturing activities index of the Institute for the management of supply for Mars will be released, and the Labor Department will point out the February job offers and turnover.
On Wednesday, ADP will publish the private sector data for March. On Thursday, ISM will publish its monthly activity of activity and the Labor Department will report on the weekly unemployed.
Friday, the Labor Department will publish its highly anticipated report in March, and the president of the Federal Reserve Jerome Powell should also speak.
This story was initially presented on Fortune.com
