The rates of the United States on imported cars have officially entered into force today, fueling commercial tensions with key partners in the middle of the growing fears of increases in consumer prices.
The duties of 25% took place at the American 00:01 (6:01 in Italy) on cars and on light foreign manufacture trucks, with the spare parts for cars that will be affected by May 3, according to a warning from the Federal Register.
The European bags continue the session in sharp decline but do not collapse.
On the markets there is a climate of nervousness for the impact that a commercial war on the global economy will have. On the currency front, the dollar weakens on the main currencies. The green ticket passes from hand to 1,0971 on the euro. The Stoxx 600 index, which collects 600 of the main European market capitalizations, records a flexion of 1.3%. In Rosso Paris (-1.8%), Frankfurt (-1.5%), London (-1.3%) and Madrid (-1.2%). The price lists are weighed down by the technological sector (-3.1%) and luxury (-4.3%). Sales on banks (-3.4%) and insurance (-0.9%). Bad energy (-1.5%), with the price of oil in strong decline. The WTI drops to $ 69.45 per barrel (-3.1%) and the Brent at 72.74 dollars (-2.9%). Positive day for utilities (+1.3%), with the price of the gas that drops by 2.4% to 40.26 euros per megawattora. The TLC (+0.4%) are positive. The yields of government bonds is decreased. The spread between BTP and Bund drops to 111 points, with the rate of the Italian tenth anniversary of 3.76% and the German one at 2.64 percent.
The Milan Stock Exchange (-1.5%) continues down, in line with the other European price lists after the start of American duties. Banks slide to Piazza Affari.
Luxury and technological are the most affected European sectors On the bag after the American duties decided by Donald Trump. It contains the losses, however, the automotive sector. The luxury sector gives off 4.5%with Adidas (-10%), Pandora (-12%), Puma (-9%), Burberry and Richemont (-6%), LVMH (-3.5%), Cucinelli (-4.2%), Hermes (-3.3%) and Moncler (-2.3%). On the Logitech International (-11%), Nokia (-5%), ASML (-3%), STM (-1.7%) technological sector. The automotive (-0.9%) where Porsche yields 1.5%, Valeo (-1.8%), Iveco (-0.8%), Renault and Volkswagen (-0.6%), Mercedes (-0.3%), Pirelli (-1.2%), Brembo (-0.3%). In contrast to Stellantis (+0.8%).
The dollar still weakens. Oil price decreasing, WTI at 69.87 dollars
The dollar continues to weaken on the main currencies after the start of the duties decided by Donald Trump. The euro rises 1.6% on the green ticket at 1,1032. The pound to 1.3175 (+1.3%) and the Swiss franc at 1.1560 (+1.9%) is also increasing.
Oil price falling this morning on the raw material markets after the announcement of the President of the USA, Donald Trump on the duties: the WTI with delivery in May passes from hand to 69.87 dollars with a drop of 2.57% while the Brent with delivery in June is exchanged at 73.13 dollars with a flexion of 2.43%.
JpMorgan: ‘From duties risk of recession for the world economy’
If the US maintains the huge duties announced, there is a risk recession for the American and world economy in 2025. JpMorgan says it in a note to the investors, reported by CNN. “We underline that these policies, if maintained, would probably push the American and world economy in recession this year,” analysts said. JPMorgan observed that the rates would increase taxes for Americans by $ 660 billion a year, the largest tax increase in recent memory. And prices will also increase, adding 2% to the consumer price index, a measure of US inflation that has struggled to return with its feet on the ground in recent years. “The impact on inflation will be substantial,” analysts said. “We consider the full implementation of these policies as a substantial macroeconomic shock”.
Tokyo, discounted supported closure (-2.77%)
The Tokyo stock exchange concludes the net session, on the fears of heavy repercussions on global trade, in the face of the entry into force of the US duties, a dynamic exacerbated by the re -evaluation of the Yen which complicates even more the prospects on Japanese exports. The Nikkei reference price list gives 2.77% up to the minimum in 8 months, at 34,735.93, with a loss of 989 points. On the change market, in a picture of increasing uncertainty, the Japanese uniform returns to take the status of good refuge, treating on the dollar at 147.20, and on the euro at 161.50.
Future thud to Wall Street, Hanoi collapses, Tokyo slip
Asian bags are highly decreased with the arrival of the duties made known by the President of the United States. The fears of an increase in inflation with a consequent slowdown of the economy weigh on the markets. Trump’s commercial policy puts the dollar in difficulty that weakens compared to the main currencies. The European future and those of Wall Street falls down. Tokyo (-2.8%) and Hong Kong (-1.6%) slip. On the currency front, the Yen rises to the dollar at 147.17 and on the dollar at 161.56. Negative session also for Shanghai (-0.3%), Shenzhen (-1.1%), Seul (-0.8%) and Mumbai (-0.2%). Hanoi collapses (-6.7%).
“In the coming months, the Easean economies will face months due to the direct impact of the strong impinics of the US duties on their US customs rates on their exports, as well as the indirect impact on global growth”, affirm analysts in Bloomberg,
The economies of Southeast Asia are very sensitive to US duties. The United States, in fact, are among the main commercial partners of Singapore, Vietnam, Thailand.
Record in the night for gold spot at $ 3,167, then falls back
New record in the night for gold with immediate delivery after the declarations of the President of the United States, Donald Trump, on the duties: the precious metal spot was exchanged around 2.00 Italians at 3,167 dollars and then folds. Just before 8.00 it is exchanged at $ 3,131.97 with an advancement of 0.5%.