The markets fall into reaction to Trump’s rates while warning the United Kingdom ‘offline’ in commerce with us | US news.

The actions in the Asian markets fell in early trade on Monday when Donald Trump’s tariffs on the goods of Canada, Mexico and China caused fears of a global commercial war.

Japan Nikkei opened 2.9% this morning, while Australia’s reference point often a proxy trade for Chinese markets, fell 1.8%. The actions in Hong Kong, which include lists of Chinese companies, fell 1.1%.

“Trump’s commercial war has begun,” said Alvin Tan, Chief of Currency Strategy of Asia in RBC Capital Markets in Singapore.

The president of the United States has also threatened to impose more pronounced rates in other places, to say that the import taxes of journalists “will definitely happen” with the European Union.

He said that the United Kingdom “is offline” in commerce with the United States and told reporters “we will see what happens.” But he said he was sure that the situation “can be resolved” without tariffs.

Trump is ready to talk to the leaders of Canada and Mexico later, but warned them against their tariffs, saying: “We can play the game everything they want.”

During the weekend. announced that he is imposing 25% of tariffs in imports from Canada and Mexico, and hits China with a 10%tax. Both Canada and Mexico return the return of retaliation rates.

However, the president of the United States returned to Washington from Mar-A-Lago on Sunday night and left the reprisals aside.

“I love the people of Canada. I do not agree with Canada’s leadership. And something will happen there,” he said.

“If you want to play, I don’t care. We can play the game everything they want.”

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Trump said Americans could feel “some pain” for the development war, and said that Canada “would cease to exist” without their commercial surplus with the United States.

In a publication on its true social platform: “Will there be any pain? Yes, maybe (maybe not!). But we will make the United States great again, and everything will be worth the price to be paid.”

The Trump administration has said that tariffs are aimed at stopping the propagation and manufacture of opioid fentanyl, as well as pressing the neighbors of the United States to limit illegal immigration to the United States.

But the risk of a commercial war and higher prices for US consumers runs.

Read more:
Trump says that Canada should be “appreciated 51st state”
Why has Trump attacked Mexico and Canada?
How Donald Trump rates could affect consumers

Meanwhile, the High Commissioner of Canada to the United Kingdom Ralph Goodale, talking to Sky News’ Kamali MelbourneHe had a warning for the allies.

He said: “I would only say that our allies around the world look at this closely, you could be the next one, and in the meantime, support your friends.”

He added that Mr. Trump’s words were a “seller tone” and, despite the historically close relationship between countries “we don’t want to be the other.”