Global stocks continue their sharp decline for the second day in a row

Global stock markets continue to decline for the second day in a row.
This comes after the US President announced last Wednesday, a comprehensive fee for American imports from most countries of the world.

The results of the global stock markets

The data issued today did not succeed and it was much better than expectations to stop the decline in financial markets.
The S&P 500 index of American stocks decreased by 2.9% at the beginning of Friday’s trading, after yesterday recorded its worst daily performance since the Korona virus in 2020.
The Dow Jones Industrial Industrial Index declined by 1038 points, or 2.6% by six o’clock and 53 minutes, the East Coast time of the United States.

The results of the American indicators

The Nasdaq Synod index also decreased by 2.9%. So far, only a few, if any, have benefited from the market.
European stocks witnessed some of their largest losses during the day, as their indicators decreased by 4%.
The price of crude oil has decreased to its lowest level since 2021, and the prices of some other basic elements of economic growth such as copper have witnessed a sharp decrease in fears that the trade war will weaken the entire global economy.

The effect of American customs duties

China’s response to American customs duties accelerated losses in global markets.
The Chinese Ministry of Commerce announced its intention to impose 34% fees on American products, starting from April 10, in response to American fees.
On Thursday, US President Donald Trump presented a pink rating after the stock exchange fell sharply due to the customs duties he imposed, saying, “I think things are going well.”

The American Stock Exchange

“The markets will flourish, the stock exchange will flourish, and the country will flourish,” he said when asked about the stock exchange while the White House left to go to the golf clubs in Florida.
The Dow Jones Mediterranean Industrial Index fell more than 1,600 points yesterday.
While the American Stock Exchange led a sale around the world after the Republican President’s announcement of customs duties against many countries of the world led to a shock that has not been seen since the Kofid 19-.