(News Bulletin 247) – The Parisian index ended sharply lower, caught cold by Donald Trump’s new outing which threatens to increase customs duties on products imported from China. The CAC 40 returns 15% this Friday, October 10.
Operators were not expecting a very hectic weekend on the markets. Donald Trump has put the issue of customs duties back at the center of investors’ concerns.
The tenant of the White House has in fact used his favorite weapon, namely customs duties. Donald Trump judged this Friday, September 10 that China was “becoming very hostile” after Beijing’s restrictions on rare earth export authorizations.
In retaliation, he indicated that he was considering a “massive” increase in customs duties on Chinese goods entering the United States, in a message posted on his Truth Social network.
American indices turned downward after these statements. On Wall Street, the Dow Jones lost 1.1%, the S&P 500 1.6% and the Nasdaq 2.5% at the close of European markets.
In Paris, it was also a bright red weekend for the CAC 40 which closed down sharply by 1.53% to 7,918 points.
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