The Wall Street Stock Exchange .. American stocks fell in a wide wave of sale

With the approaching day of the start of customs duties to American imports from different countries of the world on the basis of “reciprocity”, which US President Donald Trump call “the liberation day” of the United States, US stock prices fell in trading on Monday afternoon.
The broader S&P 500 index fell to American stocks by 0.4% after recording the largest decline in several years in trading last Friday.

American stocks

The index moves towards a loss of 5.5% during the first three months of this year, to become the worst quarter of it for about three years.
The index had started trading with a decline of 1.7% before he recovered part of its losses by noon.
The Dow Jones Industrial Index also recovered most of its morning losses, to decline by 83 points, or 0.2% by one o’clock and 19 minutes this afternoon, East Coast time of the United States.
The NASDAC collection also decreased by 1.2% due to the sharp decrease in the shares of Tesla, Enveda, and other major technology companies.

American stock market

The fluctuations came after a large -scale sale wave that swept the world earlier on Monday, with fears that the customs duties that Trump will impose on Wednesday will exacerbate inflation and decline in economic growth.
Trump has stated that he continues to move in part, because he wants to restore more manufacturing functions in the United States.

Customs

On Wednesday, the United States is scheduled to start applying what Trump calls customs definitions “on the basis of reciprocity”, which will be designed to suit the fees and taxes that the US president believes that any country imposes on its imports from the United States, including matters such as value -added taxes.
Much is still unknown, including what the US government will do specifically on “Liberation Day”.
Analysts at Goldman Sachs expect Trump’s announcement to impose a 15% customs tariff on average on American imports, and they also raised their expectations for inflation and reduced their expectations for American economic growth this year.