Financial markets reacted negatively to Trump's signing of new tariff orders, and many countries still hope to obtain tax reductions.
Trump signed the new tariff implementation order on Thursday evening, leading to a drop in global stock markets on Friday. Additionally, the postponement of the new tariff implementation has allowed many countries to hope for negotiations with Trump until the last minute to seek tax reductions.
According to AFP, financial markets made a negative reaction to the new world trade situation on Friday. European stock markets closed sharply lower, with the Paris stock market falling 2.91%. The U.S. stock markets also followed closely, with the S&P 500 index dropping 1.33%, and the Nasdaq index falling about 1.76% at around 3:50 p.m. Greenwich Mean Time.
Markets are increasingly worried about the impact of Trump's new tariffs on the economy, especially on the U.S. economy. Signs of economic slowdown have already appeared, with the unemployment rate rising slightly to 4.2% on Friday, and the pace of hiring slowing down more than expected.
Trump signed the new tariff implementation order on Thursday evening, while also giving a few days' grace for the implementation date of the new tariffs, delaying it to August 7 for most countries.
Some countries believe this delay provides another window for final negotiations.
South African President Ramaphosa said that South Africa is conducting "intensive negotiations" to deal with the 30% tariffs imposed by Washington.
The leader of Taiwan, which was announced to be subjected to a 20% tariff, stated, "Taiwan is working to keep the tariff at a reasonable level."
The Swiss government, which was surprised by the 39% additional tariff, said, "It still hopes to find a solution through negotiations."
Original: https://www.toutiao.com/article/1839302126101568/
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