The last wave of US customs duties came into effect, including a 104% on Chinese products / US stock markets are preparing for the fifth day of decreases, but Trump understands that he has not finished

The “mutual” customs duties applied by the US on imports from dozens of countries entered into force on Wednesday, including the huge 104% rates for Chinese products, the US president leading to another global commercial war, even though he was preparing for negotiations with some countries.

Trump's punitive rates have shaken the global commercial order of the last decades, have aroused fears about establishing a recession and provoked high actions on the world's scholarships, notes Reuters.

The S&P 500 index has lost almost $ 6,000 billion since Trump presented the rates a week ago, the largest four -day correction since creating this reference index, in the 1950s. The index is now entering the so -called “Bear” market, defined as one that descends with 20%.

Sales on Asian markets resumed on Wednesday after a short break, the Japanese index Nikkei decreasing by over 3%, and the South Korean currency has dropped to the minimum of the last 16 years.

Futures quotations on the American stock exchange indicated Wednesday morning that the fifth consecutive day of losses on Wall Street follows.

“A lot of countries come and want to make agreements”

Trump has offered investors contradictory signals regarding the long-term keeping of customs duties, describing them “permanent” rights, but praising themselves that there are pressure on other leaders to request negotiations.

“We have a lot of countries that come and want to make agreements,” he said at an event at the White House on Tuesday afternoon. He said at a later event that China is expected to want to get an agreement.

The Trump administration has scheduled discussions with South Korea and Japan, two close and important commercial partners, and Italian Prime Minister Giorgia Meloni is going to pay a visit next week.

Deputy Prime Minister of Vietnam, the Asian production center with low costs, affected by some of the highest taxes worldwide, is to talk to Trump's Treasury Secretary, Scott Bessent, on Wednesday.

The perspective of agreements with other countries pushed the stock markets up in the first part of Tuesday, but American actions lost their winnings until the end of the trading day.

They will all expensive in the US, warn the economists

Trump almost doubled the taxes for imports from China, which had been established at 54% last week, in response to the response rates announced by Beijing. China promised to fight this “blackmail”.

The big Chinese brokerage companies have committed to collaborate to help stabilize the prices of internal shares in response to the turbulence caused by customs duties.

Economists have warned that, following the commercial war, American consumers will probably face price increases to anything, from wine to wine shoes.

It is possible that the total effects of Wednesday tariffs will not be felt for a period of time, because all the goods already in transit at midnight will be exempted from the new taxes, as long as they arrive in the US until May 27.

According to a new Reuters/Ipsos poll, almost three quarters of Americans expect the prices of daily use items to rise in the next six months.

10% customs duties previously applied by Trump on all imports from many countries started on Saturday. The latest round of taxes, which entered into force at 12:01 am ET (0401 GMT), targets the countries that “steal” the US, according to Trump.

This list includes many of the closest allies in the United States, including the European Union, which was hit with a 20%customs duty. The European Union will have to commit to buy US $ 350 billion energy to get rid of US customs duties, Donald Trump said, rejecting Brussels's offer to pick up mutual customs and industrial goods

Trump understands that he has not finished and follows “major

Trump said rates are a response to barriers imposed on American products that have created obstacles for companies in the United States.

He also accused countries like Japan of devalued their coins to get a commercial advantage, which Tokyo denies. The Japanese Finance Minister said on Wednesday that commercial negotiations with Washington could include foreign exchange rates.

Trump pointed out that you might not have finished with customs duties.

In the remarks made on Tuesday evening in front of the Republican MPs, he said he would soon announce “major” taxes for imports of pharmaceuticals, one of the few categories of goods that have been exempted from the new taxes.