The collapse of stock markets continues worldwide, as – so far – Donald Trump is not back in the tsunami of duty tsunami he announced that he will impose worldwide. And not only that, but also insists on his aggressive rhetoric on this subject.

Thus, Selloff still still in the markets of Asia – Pacific, with the Japanese index Nikkei 225 to sink 9% And with the Japanese banking index Topix falling over 14%.

In the South Korean market the KOSPI records 4.68% losseswhile S&P/ASX 200 in Australia reached 6.4%.

Meanwhile, a new major fall in Wall Street is foreshadowed by the futures of the future US indicators, following the unprecedented fall of Wall Street last Thursday and Friday.

Dow Jones’ future fulfillment contracts drop 1,531 units, or 4.1%, S&P 500 futures drop 4.6% and his futures Nasdaq technology are sinking by 5.3%.

During the weekend, investors did not receive the news they hoped, that the Trump government would have successful negotiations with various countries that would lead to duties, or that even the US president would consider the possibility of postponing it. Since last Saturday, a 10% universal duty has come into force on all imported goods in the US.

“Sometimes you have to take the medicine”

Instead, both Donald Trump and other government members proceeded to new “incendiary” statements.

Trump told reporters on Sunday night that unless the US trade deficit was resolved against China, there would be no agreement. “The only way to resolve this problem is the duties, he repeated. Trump revealed that the weekend discussed” with many Europeans, Asians, around the world. They all desperately want to close an agreement. “Asked about the possibility of negotiating a free trade agreement – in other words of duty -bye – between the US and the EU, as his adviser and ally of Ilon Musk, President Trump reiterated us. They want to discuss but there will be no discussion as they don’t give us much money on an annual basis by buying American products. “

Asked about the collapse of the stock markets, he was limited to saying that the shares do not want to retreat, “but sometimes you have to take the medicine to do well.”

Also urged the world to “endure” stressing that this is a “economic revolution”.

In his post on Truth Social he said: “We have huge financial deficits with China, with the European Union and with many others. The only way that this problem can be resolved is with the DASTERS, which bring billions of dollars to the US. It is already in place and it is great to see it. People will realize that duties are something beautiful for the United States of America. ”

For his part, Hauard Lutnik Commerce Minister told CBS News that duties would not be postponed. “Duties are coming … Surely they will remain in force for days and weeks.”

Finance Minister Scott Bessed noted in NBC News that more than 50 countries have approached the government for negotiations, but warned that “these are not negotiations that can be completed in a few days or in weeks”.

Under $ 60. The oil

At the same time, fears that the duties imposed by President Trump will drive the US – and possibly other economies – have led oil prices below $ 60 a barrel.

Slow contracts drop over 3% to $ 59.74, after a 6% drop recorded by the price of oil last week. It is noted that The last time the oil prices were found at these levels were in April 2021.

Falling black gold prices comes in the wake of concerns that duties may create higher costs in businesses, which could lead to a slowdown in economic activity, which in turn will hurt the demand for oil.

Losses too for Bitcoin

With US stock markets showing the worst picture by 2020, Bitcoin price is a loss of 6% At 77,852.46 DOL, Having lost 28% of January highs. It is noted that the largest cryptocurrency was negotiating more than $ 80,000 for most of the year.