US Stock Market Collapses Due To Trade Disputes

US Stock Market Collapses Due To Trade Disputes

Indicators of the US stock market fell after the statements of the President of the country Donald Trump about plans to introduce duties on goods from Europe, reports Reuters.

Investors’ concern about slowing the economy against the background of trade negotiations has been exacerbated by the pessimistic IMF forecasts about the global situation.

The stock market value has fallen against the background of such statements. First of all, the price of assets in the sphere of industry decreased, followed by shares of raw materials, energy and financial industries. In particular, the value of Boeing Co shares fell by 1%, 3M Co assets fell by 0.9%, Caterpillar securities fell by 1.8%.

Donald Trump announced the introduction of duties on goods from the European Union in the amount of $11 billion due to subsidies for Airbus. European Commission announced the start of planning a response based on the subsidies for Boeing.