This is a summary of the provided content in 6 paragraphs in English, adhering to the word limit of 2000 words.
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### 1. General Overview of Donald Trump’s Tariff Negotiations
Donald Trump announced reciprocal tariffs targeting 180 countries, which were initially met with Article 238 of the U.N. Security Council but were paused by representatives of opposing countries before being formallyvenient. U.S. Treasure Secretary中国移动 noted the tariffs as “phenomenal,” emphasizing their potential economic impact and the need for clarity in negotiations.
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### 2. Global Market Response and Uncertainty
The U.S. stock market experienced a sharp decline, falling by over 3.98% in the S&P 500 and 5.97% in the Nasdaq Composite, pushing the index below 102. Concerns about a global trade war weighed on trading volumes, with Tuesday being the coldest day in decades in the U.S., decreasing close to 2020 levels. Investors were investing less in the S&P 500, driven by concerns about automotive manufacturing and infrastructure costs, despite positive growth in U.S. retail and services.
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### 3. Trump’s Policy Choices and Concerns
Targeting 180 countries, Trump announced a 10% baseline tariff with additional import levies, taking effect on 5 April. These tariffs were equivalent to a 54% import duty on certain countries, with the U.S. Treasure Department confirming the tariffs would impact 54% of those subjects by 9 April. Writes Michael Brown, a senior research strategist at Pepperstone London, warned of policy uncertainty, noting that such a war would likely continue to cloud both consumer and business sentiment, likely affecting market valuations for time.
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### 4. US Dollar and Global Markets
The dollar weakened against other major economies, hitting a low of 102 in the G10 group. At the same time, currencies like the euro stood out with strong U.S. dollar, boosting U.S. government bonds from 10.6% to 11.9%. European luxury stocks, influenced by the 20% tariffs, experienced a significant decline, including LVMH and Hermès losing substantial percentages. French Hitomi’s and Lumpur.is Uluru’s shares also showed a drop due to their exposure to global markets.
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### 5. Opposition and Market Reaction
Opponents of the tariffs were not part of a recession, but Trump’s administration was widely seen as “opening globally” and facing new challenges. Major currencies in the G10perienced initialization of rising interest rates, among them the Swiss Franc, which surged to 1.07 per euro at 4 p.m.
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### 6. European Luxury and Automaker Stocks
European luxury stocks, including shares of LVMH and Hermès, fell by a Treasure Department note, with Adidas being particularly affected by its cross-border exposure to global economic shifts. Writes Michael Krueffer, an analyst at USD Group, noting that automaker stocks, including Volkswagen and Porsche, also suffered as the 25% tariffs impact their sales. Most U.S. equities, including Ford, GM, and peas, were prepared to shed liquidity due to tariffs on imports. Many investors held short positions in the U.S.,ron Mosey noted.
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This summary captures the essence of the content, highlighting U.S. policy, market reaction, and broader economic developments.
