On February 3, 2025, a man who indicates the Nikkei average of the Tokyo Stock Exchange on the street in central Tokyo will see the Electronic Committee. Kazuhiro nogi/AFP hidden caption
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Kazuhiro Nogi/AFP
The global stock market has dropped sharply, dollars have been strengthened, oil prices have risen, and US stock market futures have decreased significantly on Monday.
The Asian market has performed the worst situation with Taiwan, South Korea and Japan. Japan’s Nikkei Index decreased by about 2.5 %, and Hangsen in Hong Kong decreased by 1.3 % in early transactions.
Trump imposed 25 % tax on most products imported from Canada and Mexico, and also imposed more 10 % of China’s products.
President’s tariff threats were rattled in European markets. The Pan European Stoxx 600 indexes decreased by 1.4 % on Monday. German DAX has decreased by 2 %. The FTSE 100 index, which tracks 100 large companies listed in London, has decreased by 1.25 % at the start of transactions.
Considering the complex properties shared by the supply chain manufacturers between the United States, Canada and Mexico, many car manufacturers have decreased. Many were manufactured in Mexico or Canada, and then exported to Stellantis, Volkswagen, Toyota, Nissan, and Honda in the United States. GM and Ford’s shares have decreased significantly due to Monday market transactions.
President Trump said on Sunday night that the new tariff on the EU would “definitely happen,” but suggested that he might take a softer line in the UK.
Meanwhile, the dollar has been enhanced to various currencies such as euro, Mexico pesos and Canada dollars.
