New York (AFP)
The New York Stock Exchange declined sharply at the opening on Tuesday, worrying about Donald Trump who suggested that a trade deal with China could be postponed after the US presidential election of 2020.
Wall Street's leading index, the Dow Jones Industrial Average, yielded 1.16 percent to 27,459.92 points around 1450 GMT.
The Nasdaq, with strong technological color, lost 1.18%, to 8.467,01 points, and the broad index S & P 500 dropped 1.08%, to 3.080,10 points
Wall Street ended in the red Monday after the announcement of new US tariffs on steel and aluminum from Brazil and Argentina and an indicator on activity in the manufacturing sector in the United States: the Dow Jones dropped 0.96% and the Nasdaq lost 1.12%.
Asked about negotiations on a trade deal with China, Donald Trump said Tuesday in London, where he is for a NATO summit, he had no deadline.
"In a way, I like the idea of waiting after the election for the agreement with China," said the US president considering his reelection.
According to Chris Low of FHN Financial, as the trade deficit with China has shrunk with China since the imposition of customs surcharges, Donald Trump "is quite happy to postpone the signing of an agreement if it seems necessary to get what he wants. "
The next installment in the endless commercial series between the world's two largest economies will be on December 15. New US taxes on Chinese products must then come into effect.
In addition, the Trump administration threatened Monday, after the close of the stock market, to impose additional customs duties, up to 100%, on the equivalent of $ 2.4 billion in French products. response to the introduction in France of a tax on the digital giants of the United States.
French products that could be surcharged include sparkling wines, cheeses, cosmetics and handbags.
In the bond market, the 10-year rate on US debt fell sharply, to 1.7586%, against 1.8445% the day before closing.
© 2019 AFP