It reached 145%.. The fees on China shock the US financial markets

Announcement announced the American administration today, Thursday, that the additional customs duties on Chinese products amounted to 145%, a shock to the American financial markets, and the receipt of hopes to reduce the escalation in the trade war launched by President Donald Trump.

Trump instead of his position on Wednesday was suddenly and frozen the additional identities applied to about 60 countries for 90 days, only excluding China, which has become isolated against Washington.

In the face of Beijing’s insistence on responding similarly, the US President announced on Wednesday that the additional fees for Chinese products will reach 125%.

American markets decline

The American markets that opened down decreased, about 16.10 GMT, the Dow Jones index lost 4.20%, the Nasdaq index, which is dominated by the technology sector, decreased 5.78%, and the Standard & Poor’s 500 index fell 4.71%.

Oil and the dollar are also witnessing a sharp decline amid fears of a significant slowdown in the activity, while gold reached a new record.

The recovery of Asian and European markets

The Asian and European markets flourished after the decline they witnessed the previous day ( +9% in Tokyo, +4,53% in Frankfurt, +3.83% in Paris).

The European Union decided to suspend the customs duties it announced on a group of American products in order to “give a chance for negotiations,” the President of the European Commission, Ursula von der Lain, announced at the same time that “if the negotiations are not satisfactory, our counter -procedures will enter into force.”