Dow Jones decline .. American stocks decrease for the second day

American stocks fell again in trading on Tuesday morning after companies warned that the customs duties imposed by President Donald Trump may likely mean high prices on consumers and low sales.
The exchange between the United States on the one hand, China, Canada and Mexico on the other hand, on the continuation of the recent decline in American shares, which began to decline due to indicators of poor performance of the American economy.

American stocks

The broader S&P 500 index decreased by 1.7% due to the decline in shares of companies of almost all sectors except for the real estate and facilities sectors, which usually benefit from the indicators of the weak economy.
The record index fell by 722 points, or 1.7%, by eleven in the morning, East Coast time of the United States.

Stock markets

The Nasdaq Synod index fell by 1.5%. European stock markets also declined strongly, while Asian markets declined slightly. American shares declined today after a significant decline yesterday.

The decline has turned away all the gains made by the markets since President Donald Trump was elected in November. At the same time, concerns about customs duties that may raise consumer prices and re -ignite inflation are increasingly a heavy burden on the Wall Street economy.

Customs

With Trump’s decision to apply today, American imports from Canada and Mexico are subject to customs duties by 25%, with the exception of Canadian energy products that are subject to 10% fees, while Trump’s fees imposed on Chinese products from 10% in February to 20%.
On the other hand, Canada replied by announcing a plan to impose fees on US products worth $ 100 billion, while the Chinese Ministry of Commerce announced the imposition of 15% fees on a group of American agricultural products such as poultry, wheat and corn, and 10% fees on other products such as soybeans, fine corn and meat.