World markets in free fall, since Trump deepens into a tariff medicine

US President Donald Trump dismissed the shocks in the market caused by his large -scale duties, comparing these measures with the medicine, since panic investors continued the mass sale of world shares.

“I don’t want something to go wrong, but sometimes I have to take medicines to fix something,” Trump told reporters on board Air Force One on Sunday.
“Other countries treated us so badly because we had a stupid leadership that allowed this to happen. They selected our business, selected our money, selected our jobs. ”

Speaking about his so -called “mutual tariffs”, Trump said that he would not retreat until other countries are balancing their trade with the United States.

The US President said that last weekend he talked with many foreign leaders who were dying of the desire to conclude a deal.

“We will not have a shortage with your country,” Trump said.

“We will not do this, because for me a shortage is a loss. We will have surpluses or, in the worst case, we will be breakery. ”
Trump's comments were made against the backdrop of the continuing fall of world shares amid the fears of the trade war and economic recession.

On Monday, the Taiwanese Taiex index and Hong Kong Hang Seng fell by about 10 percent, and the Japanese Nikkei 225 fell by almost 9 percent.
Against the background of shocks in the market, analysts sharply increased the likelihood that the United States will recession over the next 12 months.

Last week, JPMorgan increased the likelihood of a recession in the United States to 60 percent, while S&P Global estimated the probability of 30–35 percent.

The scale and destructive impact of the US trade policy, if it is preserved, will be sufficient to provoke a recession of a still healthy American and world economy, ”said Bruce Casman, head of the JPMorgan economic research department, a note called blood.

In Singapore, the Straits Times index fell by more than 7 percent.

The South Korean Kospi index fell by more than 5 percent, and the Australian ASX 200 by about 6 percent.

American actions expect further sharp losses after the opening of Wall Street after a two-day collapse last week, as a result of which the market value of shares decreased by more than $ 6 trillion.

The S&P500 futures fell by 2.7%on Sunday, and the futures for the high-tech NASDAQ-100 index-by 3.55%.

On Sunday, the United States began to introduce a basic import tariff of 10 percent, and on Wednesday, higher duties in the amount of 11 to 50 percent will enter into force on dozens of countries.

High duties will hit both competitors and allies of the United States.

China, the main strategic opponent of the United States and its third largest trading partner, collides with a tariff of 34 percent, at that time