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Trump fees are like European and Asian stock exchanges Economy news

manhattantribune.com by manhattantribune.com
7 April 2025
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Trump fees are like European and Asian stock exchanges Economy news
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7/4/2025–|Last update: 7/4/202510:57 AM (Mecca time)

European stock exchanges opened today, Monday, to the collapse of Asian stock exchanges, in light of US President Donald Trump’s adherence to strict customs duties on his country’s commercial partners, and the counter -measures taken by China, which raised fears of a trade war and the possibility of global recession.

Since the first deliberations, the Frankfurt Stock Exchange recorded a decrease of 7.86% after it fell by more than 10% for a short time, while the Paris Stock Exchange lost 6.19%, the London Stock Exchange 5.83%, the Milan Stock Exchange 2.32%, the Swiss Stock Exchange 6.82% and the Belgian 5%.

In Asia, the shares and bonds of Chinese companies decreased, while the return on treasury bonds decreased to its lowest levels.

The Shanghai Summary 300, the Chinese shares, decreased by 7.6%, which is the largest daily decline in 5 years, while the Hang Singh Main Index on the Hong Kong Stock Exchange and the Chinese stock index registered on the stock exchange recorded their largest decline since the global financial crisis that exploded in the fall of 2008.

The Tokyo Stock Exchange was closed on a 8% boat collapse, while the Seoul Stock Exchange closed a decrease of 5.6%.

https://www.youtube.com/watch?v=qzVESNNX0hm

The main index in Saudi Arabia fell 2%, and Dubai shares decreased 4.45% Abu Dhabi contributed 4% to early trading today.

This comes with investor resorting to safe havens in light of the panic wave that prevailed in the markets after Trump imposed customs duties on global exports to the American market, and concerns about their impact on global economic growth.

This collapse is increasing in light of China’s response, which was announced Friday after the closure of many Asian markets at the weekend, the imposition of corresponding customs duties, which increased the risk of escalation in the trade war that may have a devastating impact on the global economy.

“Sometimes a treatment must be taken for recovery,” Trump said on Sunday in his presidential plane “Air Force One, in response to a very severe question on the stock exchanges.

Tags: AsianeconomyEuropeanexchangesfeesNewsstockTrump
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