US President Donald Trump’s last wave of duties to exports of dozens of countries, such as Canada, Brazil, India and Taiwan, has led to stock markets worldwide on Friday.

Trump’s new tariff rates include 35% for many products from Canada, 50% for Brazil, 25% for India, 20% for Taiwan and 39% for Switzerland, the BBC notes.

The Presidential Decree lists higher import duties from 10% to 41% starting in seven days for 69 commercial partners, essentially increasing the actual US tariff rate to about 18%, from 2.3% last year, according to Capital Economics analysts.

Losses of more than 2% on stock markets

Large stock markets are significantly receding, with the Stoxx 600 fell 1.3% to the lowest level of the last month. US stock market futures fell 1%, suggesting a retreat at the start of transactions on Wall Street. The time contracts linked to Canada’s main brokerage index also fell.

At 18:40 Greek time, Nasdaq fell 2.08% and the S&P 500 1.55%.

The French CAC 40 fell 2.42%, while the German DAX 30 fell 2.15%.

The General Index of the Athens Stock Exchange falls by 2%to 1,954 points.

At the same time, oil prices are sinking. Brent (September contract) is negotiating at $ 69.75 a barrel with a drop of 2.72%, while US WTI (September contract) dropped 2.73% to $ 67.37.

In the meantime, gold, as is usually the case in corresponding cases – as it is considered a safe investment refuge – is boosted at $ 3,352 per ounce with a rise of 1.65%.