The U.S. president Donald Trump's decision to impose advanced tariffs on goods from respective key economies sparked a real earthquake on planet stock exchanges. The fresh work rates are 34% for China, 31% for Switzerland, 20% for the European Union, 17% for Israel and 10% for the UK. This extremist decision has caused panic among investors who massively transfer capital into safer assets specified as bonds, gold or yen.
Global collapse on stock exchanges – Poland besides feels effects
In consequence to American customs, China announced an additional fee of 34% on imports from the USA from April 10, thus sharpening the trade war. Economists inform that escalation of conflict can lead to a global recession.
On Monday morning, European stock exchanges, including Warsaw, saw fast declines reaching 5-6%. There was a massive stock sale on the WSE, which is simply a global trend. Prime Minister Donald Tusk commented on the situation on platform X:
"The reaction to the customs war was predictable. A stock exchange earthquake from Japan through Europe to America must be survived without tense decisions. The Polish stock exchange besides got ricochet, but political and economical stableness are our assets at this hard time. We will stand still!”
Trump does not intend to give way: “Pay first!”
U.S. president in conversation with journalists on board Air Force One He admitted that he was not afraid about the stock panic:
“I don’t want anything to fall, but sometimes you gotta take a cure to fix something” – he stated, denying that he was deliberately trying to crash.
Trump besides revealed that on the weekend he spoke to the leaders of European and Asian states who tried to get him to lighten his duties. However, his answer was firm:
“They come to the table, they want to talk. But there will be no talks until they start paying us large money all year”.
Is the planet facing an economical collapse?
Experts indicate that if the trade conflict escalates, the crisis can cover the full global economy. Meanwhile, investors request to prepare for further marketplace volatility.
The reaction to the customs war was predictable. A stock exchange earthquake from Japan through Europe to America must be survived without tense decisions. The Polish stock exchange besides got ricochet, but political and economical stableness are our assets at this hard time. We'll stay calm!
— Donald Tusk (@donaldtusk) April 7, 2025
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Trump's customs war shakes the world's markets. Tusk calms: 'Poland endures!'
