The duties of Trump They emphas the European financial markets, which open the week in marked decrease compared to Friday closure. The letter with which the President of the United States announced duties at 30% For the European Union, in the absence of a commercial agreement, he had come to bags already closed on the weekend.
The dollara dynamic typical of the coin of a country that imposes duties, but that had never been seen since the beginning of the Trump presidency, due to the loss of trust of some investors towards the USA. Also Bitcoin It is upwards pending the new laws for cryptocurrencies promised by the White House.
The duties sink the markets
They all open up the European Union bags after Trump’s announcement on the duties on Saturday 12. Milan loses almost a percentage point, Frankfurt only slightly limits the losses compared to Piazza Affari, while Paris Cala by 0.70%. An expected collapse, after the White House has announced that, in case of non -agreement with the EU, the customs rates on the blocks of the block will reach 30%.
The European Commissioner Commissioner Maros Sefcovic He will meet the American delegation in the day again to get to a commercial agreement. The EU chief negotiator on his arrival of the Council for Commerce also assured him:
We continue to believe that our transatlantic relationship deserves a negotiated solution, capable of laying the foundations for a new stability and greater cooperation. For this we maintain the dialogue with the US administration open.
As a sign of goodwill towards Washington, the EU has further postponed the application of retaliation duties against American rates on steel and aluminum.
Dollar and bitcoin take strength
For the first time from the beginning of the Trump presidency, after an announcement of duties The dollar has strengthened on foreign coins. It is, for the economic theory, a normal behavior of the coin of a country that starts a protectionist policy. Before now, however, the American currency had always lost value, above all due to the sales of American assets by international investors frightened by instability.
With the new strengthening of the dollar, the values of the main international coins are:
- euro, $ 1.166;
- pound, $ 1,3466;
- Swiss Franco, $ 1,2541.
Also the main ones cryptocurrency They earn in the morning, especially for the expectation of the new legislation in this regard waiting by the White House. The main cryptoasett have all marked an increase in significant value in the morning:
- Bitcoin, 121,352 dollars (+1.9%);
- Ethereum, 2,597 dollars (+2.20%);
- Cardano, 0.65 dollars (+2.73%);
- Binance, $ 691.57 (+1.17%).
Where to invest during duties
With the return of the discussion on duties, investors are attracted to traditional refuge assets. As a demonstration of the growth of uncertainty on the financial markets, for fear of a difficult week that drags the European and American bags downwards, gold has opened up to 0.06%, with immediate delivery listed at $ 3,357.66.
Despite this fear, in recent weeks the American markets have proved to be less susceptible to Trump advertisements than in the past. After a very difficult start to the year, Nasdaq and S&P 500 Not only did they recover, but did not suffer great jolts even when the President of the United States threatened to impose new customs rates in Canada, Brazil and pharmaceutical products.
