Asian stocks such as new US import tariffs slip

The stock markets in Asia have fallen after President Donald Trump has proposed that new taxes he is going to announce this week will put all countries, not just those who have the biggest trade imbalance with the United States.

Trump made the remarks as he is preparing to unveil the huge import tax on Wednesday, calling it a “the US’s “Salvation Day”

The measures will be above taxes previously imposed by Washington on aluminum, steel and cars, with tariffs on all Chinese goods.

“You start from all countries,” Trump told reporters. “Basic all the countries we are talking about.

But he said his administration would be “more generous” and “pocket” that countries were for the United States.

With 48 hours left to implement taxes, Britain is still locked in talks with the United States about an amnesty.

On Sunday, Downing Street said it said Prime Minister Sir Kir Starmer had a “productive negotiations” with Trump In a telephone conversation, adding that the discussions “continue at speed.

On Saturday, government sources said that Britain did not hesitate to impose its own taxes On the United States if necessary.

Other authorities, such as the European Union and Canada, have already said they are preparing a number of revenge trade measures.

Kevin Hasett, director of the National Economic Council, recently told Fox Trading Channel that taxes would focus on 10 to 15 countries with the worst trade deficit with the United States, but called it.

Trump will see trade taxes – in this case by US companies that import goods – as a way to protect the US economy from unfair competition and as a bargaining chip to achieve better trade conditions.

Concerns about the trade war are unstable markets and fear of retreat from the United States.

On Monday, Japan’s Nikkei 225 stock standards were more than 4 percent less, the barrier in South Korea ended by 3 percent and the ASX 200 fell by 1.7 percent in Australia.

In the afternoon trade, Hang Singh was about 1.2% lower in Hong Kong.

At the end of the week, Trump’s advisers insisted that planned tariffs could increase trillions of dollars and help create jobs in the United States.

The main business adviser, Pitt Navarro, pointed to the major revenues that he says he will raise taxes.

Mr. Navarro said all car imports tax could raise $100 billion annually (77.3 billion pounds). He added that all planned taxes can raise $600 billion annually, about one-fifth of the total value of imports of goods to the United States.

The White House’s real page, published last week, suggested a 10 percent tariff on all imports could create about three million jobs in the United States.

But there are concerns that taxes could be inflation – something Trump promised to reduce during his presidential campaign – if companies would select more costs of importing goods to their customers.

If companies absorb the cost, if it can make a profit that it can affect investment.

Brompton CEO Will Batler-Adams said US taxes were making uncertainty.

While, at the moment, Brompton’s products are not exposed to additional taxes, he said people who interpret taxes are trying to see how much steel came from outside the United States, so it could lead to taxes.

“The reality is that we actually (know) and those who are on the borders that import goods to the United States do not really understand how some of these taxes may be put into it,” he said.

About 10 percent of Brompton’s sales come from the United States, which has grown from a four-member staff to 40 people and shops in New York and Washington.

But Mr. Batler-Adams said taxes may prove that they are “countered production.

“If he is taxed on it, it will cause our product to be less competitive,” he said.

“We will not continue to invest the same as we are now. Even we may even shrink, we might get out of extremism.

Separately, Trump said a contract with TikTok, which is from TikTok to sell the app, will be agreed on Saturday.

In January, he set April 5 for the short video platform to find a non-Chinese buyer or a ban in the United States on the grounds of national security.

It was supposed to be implemented this month to comply with a law passed under Biden.