Asian stocks fell after Trump's statement to impose new customs duties

Most Asian stocks have decreased in the early trading, as the threat of a larger global trade war and the state of geopolitical uncertainty overwhelmed the high shares of electronic chips, pushing the S&P 500 index to a record level. The shares fell during the opening in Hong Kong and China to join the losses in Australia. The shares also decreased in Japan, as the shares of car businesses such as “Toyota car” and “Honda car” took off after President Donald Trump threatened to impose customs duties of about 25% on the imports of cars, semi -conductor and medicine. At the same time, the dollar has risen against most of the most important currencies. Trump’s previous remarks on the imposition of customs duties have been fulfilled without specific details of some doubts of investors who consider it a ‘negotiation tactic’. Although investors are still cautious with customs and negotiations to end the war in Ukraine, attention in Asia is focused on whether the big rise in Chinese stocks, which exceeded a trillion dollar, will continue. The developments in the field of artificial intelligence led by the company “Deep Sick”, along with the meeting of President Xi Jinping with technology companies, encouraged investors. Also read: Trump decides to treat the value -added tax system as customs tariffs, “After this height, the sale of shares at the opening will not necessarily be surprising, and we clearly see a state of exhaustion regarding the purchase,” according to Chris Weston, head of the research department in ‘Bibston Group’ in a note. He added: “Nevertheless, there is a change in morale to Chinese financial markets, and this increase is completely justified, as is expected to be any minor declines.” The shares of “Bido” in Hong Kong fell 7.3% after announcing a decline in revenue. In Australia, the National Australia Bank Ltd shares dropped by more than 8% due to the decline in profits. Trump’s announcement of the new customs duties, which are expected to be issued by April 2, will expand the president’s trade war if implemented. The 25% customs duties on the steel and aluminum, previously announced, were decided to implement in March. Tuesday’s remarks are so far the most detailed, in which other sectors that will be affected by new commercial barriers are determined. “I will probably tell you on April 2, but it will be between 25%,” Trump told reporters at the Maralago Club on Tuesday when asked about customs on cars. As for the import of medicine, he added: “It will be 25% or more, and it will increase dramatically throughout the year.” Japan exports rose faster, and the yen climbed after the Bank of Japan published the text of the speech of the member of the Board of Directors, Hajimi Takata. Elsewhere in Asia, the weakness of the New Zealand dollar after the New Zealand reserve lowered the interest rate by 50 basis points for the third time in succession to revive the shaky economy, indicating that the cash facilitation in the next seasons is more cash facilitation. Also read: US sanctions against Russia are on the discussion of Ukraine talks at geopolitical level. Senior United States and Russia officials met in a first round of talks about the war in Ukraine and raised the possibility of expanding collaboration. Foreign Minister Marco Rubio told European allies that the United States would at least hold the sanctions against Russia until an agreement was reached to end the conflict in Ukraine. In the United States, San Francisco federal reserve member Mary Dali said monetary policy should continue to continue to make further progress in reducing inflation, which expects to fall over time. In other markets, oil prices are stabilized as OPEC+in supplies and uncertainty about Russian flow. While gold jumped by 1.4%and approached a new standard.