World

Tariffs : the situation worsens on financial markets

- 9:29 am
World maps graphic (https://x.com/CartesDuMonde)

World maps graphic (https://x.com/CartesDuMonde)

The new tariffs imposed by Trump, which came into force on Saturday, are causing a global shockwave on the world’s financial markets. Asian stock markets recorded spectacular falls of between 3% and 12% on Monday. The CAC lost 6.89% at the opening.

Asia-Pacific financial markets are suffering a veritable meltdown in the face of US President Donald Trump’s inflexibility. In Hong Kong, the stock market plunged 12%, its worst decline in over 16 years. Other markets also suffered considerable losses: Taipei (-9.7%), Shenzhen (-8.7%), Shanghai (-7.7%), Tokyo (-6.4%), Seoul (-4.9%) and Bombay (-3%).

Towards a major economic crisis

In Paris, the CAC 40 fell by almost 7% at the start of the session, and by 7.8% in Frankfurt, pointing to further turbulence, as did the New York Stock Exchange, where further falls in technology stocks are expected. In short, it’s been a black Monday for the financial markets, with a real risk of a stock market crash leading to an economic crisis identical to that of 2008.

China strikes back

Despite these colossal losses, Donald Trump remains adamant about his tariffs. China’s retaliation, imposing an additional 34% tax on products from the USA, continues to fuel this war, with severe consequences for both countries, but also for the rest of the world.

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