11/4/2025–|Last update: 11/4/202512:08 AM (Mecca time)
Asian stock exchanges decreased sharply today, Friday, after Wall Street shares, showing the uncertainty caused by Donald Trump’s commercial war, and at a time when the European Union threatens to impose taxes on giant American technology companies.
The US administration announced on Thursday that the additional customs duties on Chinese products amounted to 145%.
Trump was suddenly instead of his position on Wednesday, and the additional recognition applied to about 60 countries for 90 days, excluding only China, which has become isolated against Washington.
In the face of Beijing’s insistence on responding similarly, the US President announced on Wednesday that the additional fees for Chinese products will reach 125%.
In a presidential decree Thursday, the White House explained that the decision is raised in reality to 145%, after calculating customs duties by 20% imposed by Trump on China for punishing it to accommodate factories that contribute to the production of fentanel (AFI), according to Washington’s claim.
In the face of the uncertainty resulting from Trump’s policy and the escalation of China -American tensions, a state of unlawful financial markets prevail.
After the Wall Street Stock Exchange:
- The Tokyo Index decreased by 4.22% approximately 3:00 GMT.
- The Seoul index fell by 1.18%.
- Taiwan shares fell more than 3%.
- Singapore shares also fell 3% in early transactions
Wall Street ended its dealings on a sharp decline Thursday, with the Dow Jones Index lost 2.5% and the Nasdaq index 4.3%.
Chinese markets, such as Shanghai, who lost 0.23%.
The stock exchanges revived Thursday after Trump’s decision to suspend the additional customs duties imposed on about 60 countries for 90 days, only on the 10% generalized fees in effect since the beginning of April.
During that time period, US partners will hold talks with Trump to reach a tax settlement.
https://www.youtube.com/watch?v=jsed62dtief
European fees for American companies
European Commission President Ursula von der Line said that if the talks with the United States fail, Brussels may impose taxes on giant American technology companies that are now supportive of Donald Trump, said European Commission President UNRSO von der Line.
“There is a wide fan of counter -measures,” she said in the Financial Times, and talked about “imposing a tax on advertising revenues from digital services” and resorting to the tool of “commercial deterrence and combating coercion” known as “Pazoka”.
In turn, French President Emmanuel Macron said today, Friday, on the “X” platform that Europe should mobilize all the tools available to protect itself. “
But Trump, 78, said calmly during his meeting with the White House ministers, “The transitional stage will be expensive and will raise problems, but in the end, it will be good.”
US Secretary of Finance Scott Bessent confirmed that he does not see “something unusual today” in the markets, while Democratic representatives estimated that the Republican President may have manipulated them illegally by encouraging the purchase of shares before changing his position on Wednesday.
https://www.youtube.com/watch?v=yscwrvbubo
Beijing .. fighting to the end
For its part, Beijing pledged “fighting to the end”, and a spokesperson for the Chinese Ministry of Commerce, Yong Qian, said that “the door of dialogue is open to negotiation, but the dialogue must be based on mutual respect and to take place on an equal footing.”
As for the other Asian countries, which rely heavily on their exports to the United States, they have not taken any counter measures.
Like Vietnam and Cambodia, textile producers and members of the Association of Southeast Asian countries (ASEAN) announced that they would not take retaliatory measures.
By imposing taxes on imports, Donald Trump believes he found a solution to resettling industrial production in his country, which he considers a victim of the evils of globalization.
He wants to collect customs duties and pay its partners to buy more American goods.
