The great trade war has begun. China imposes 34% duties on all products from the United States. This was announced by representatives of the State Council of the People's Republic of China. The tariffs will start working on April 10. China will also ban the supply of 7 rare earth metals to the United States. The EU is developing a response to the tariffs imposed by the United States, which may include measures against large American technology companies. This was announced by French Finance Minister Eric Lombard. The EU is discussing digital and tax instruments, data exchange and regulatory measures. According to Lombard, the goal is to create a comprehensive strategy to involve the United States in negotiations and achieve a balanced solution. Oil prices fell by more than 3%, ending the worst week in six months due to new US tariffs. Brent fell to $65.90, WTI – to $62.65. Trump's tariffs have increased concerns about demand, bringing down risky assets. The dollar index dropped to 101.27. OPEC+'s decision to increase production in May to 411,000 barrels per day exacerbated the oversupply. European banks came under pressure on Friday due to the US tariff policy. The Stoxx 600 Banks index fell by 4.9%, shares of BPER Banca, Deutsche Bank and Sabadell fell by 6.3%-8.6%. BNP Paribas and ING Groep lost 5.1% and 4.8%. On Wall Street, Goldman Sachs, Morgan Stanley and JPMorgan Chase fell 7.2%-9.8%. Investors are concerned about rising costs and the risk of defaults. Trump's imposition of tariffs caused the market to collapse, reducing the wealth of the world's 500 richest people by $208 billion in a day, the largest loss since the pandemic. The IT sector was particularly affected: Jeff Bezos' fortune decreased by $15.9 billion, Elon Musk's by $11 billion, and Mark Zuckerberg's by $18 billion (-9%). Carlos Slim, on the other hand, increased his capital by 4% to $85.5 billion.
PAUTAN SEGERA
Hubungi Kami 
