The prices announced by Donald Trump on Wednesday came into force at 6 a.m. this Saturday.
New customs duties of 10% now apply to a wide range of goods imported into the United States. However, specific prices in the country introduced by the Trump administration will not take effect on April 9.
The Trump trade war already sends shock waves via the global markets, has further intensified by China's decision to impose reprisal tariffs of 34% on American imports. Friday, the big scholarships closed its doors in the red. Milan's FTSE MIB was the worst blow, falling 6.53% by the closing of the trade. Losses have also been recorded in Frankfurt, London and Paris.
Trump: “ Large companies are not worried '' '
Wall Street has also taken up significant success. The VIX index – often called “gauge of fear” – jumped 50.93%, reaching 45.31 points, its highest level since the COVVI -19 pandemic accident. The Dow Jones dropped 5.5%, while the Nasdaq lost 5.8%. In just two days, 5.2 billions of dollars were wiped into the American markets. Despite this, Trump did not seem concerned about turmoil.
“Large companies are not worried about the prices – they know they are there to stay. What they are focused on is the big and good deal, which will strengthen our economy. Very important. In what's going on now !!!” He wrote on his social media platform, Truth Social, Friday evening.
Starmer opens talks to counter American prices
American prices have aroused strong criticism from European leaders. EU’s commerce commissioner Maroš Šefčovič, after a telephone call with the US Secretary of Commerce Howard Lunick, described the measures of “harmful and unjustified” and reaffirmed the EU's commitment to “significant negotiations”.
In the United Kingdom, Prime Minister Keir Starmer launched a series of telephone calls with world leaders to discuss how to answer. “A full -fledged trade war would be deeply damaging,” said Starmer. He has already spoken to the Australian Prime Minister Anthony Albanian and Giorgia Meloni of Italy.
Italy urges a high -level response
Since Italy, the Minister of the Economy Giancarlo Giorgetti and the Minister of Foreign Affairs Antonio Tajani have called for a measured approach. Speaking at the TEHA forum in Cernobbio, Giorgetti said that the government must “keep a cool head, assess the consequences and avoid rushing into a tariff war in tit-for-tat, which could ultimately harm everyone-in particular us”.
He added that the position of Italy must be represented at the level of the EU: “Rather than a rider alone, Italy should work through Europe to ensure that its interests are properly defended,” said Giorgetti, winning praise from Matteo Salvini.
Tajani also called calm. “These prices are clearly negative development. But there is no need to panic-damage will only affect 0.3% of the GDP of the EU. What we need is action, no alarmism. We are committed to protecting our businesses and coordinating closely with the European Union,” he said. Tajani also noted that with these prices in place, it is unlikely that European countries will reach the objective of military expenditure of GDP of 5% recently requested by the United States for NATO members
Editor • Lucy gave
