• Trade war: Trump imposes new import tariffs on Chinese products

A thread of tweets by Donald Trump has been enough to sow fear on Wall Street and to put down the advances that had accumulated during the day in the main European Stock Exchanges. Of course, it has not been any thread. The president of the United States has dynamited the commercial confrontation with China and has caused the definitive outbreak of the trade war that he maintains against the Asian giant following the tariffs announced by his Chinese counterpart, Xi Jinping, and the speech of Jerome Powell, president of the Federal Reserve, at the Jackson Hole symposium.

"I will respond to Chinese tariffs this afternoon. This is a GREAT opportunity for the United States!", The president has written on his social network profile. In a series of several messages, the US president has accused the Asian giant of robbing his country of "hundreds of millions of dollars" through the misappropriation of intellectual property and has announced that he "orders" US companies to evaluate an alternative to produce in China.

The reaction of the investors has not been expected and a red day is already advancing for the main Wall Street indices. The Dow Jones already lost more than 1.30%; the S&P , 1.65% and the Nasdaq is left over 1.8%.

Trump's statements have almost coincided with the closure of European squares, but that has not prevented the main selective of the continent have changed sign just half an hour before the closure, dragged by losses in New York. In Spain, the Ibex 35 has left 0.77%; the Dax of Frankfurt, 1.15%; the Cac 40 of Paris, 1.14% and the Ftse Mib of Milan, 1.6%.

The reasons for Trump's anger must be sought in China and the Jackson Hole. The government of Xi Jinping announced earlier this afternoon a battery of new tariffs on US products worth $ 75 billion, in response to the latest tariffs set by Donald Trump earlier this month.

Almost at the same time, the president of the US Federal Reserve, Jerome Powell, delivered his long-awaited speech at the Jackson Hole symposium, where he wanted to defend the red lines of the central bank and mark its operational independence.

That is why he has not clarified whether he will lower interest rates again, as he did last July. Thus, Powell has ensured that the entity will act to ensure that the country's economic expansion is sustained, at a time when there are "significant risks" due to the deterioration of global growth.

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