CNBC Daily Open: Commercial wars begin

US President Donald Trump’s tariffs and the subsequent actions of other countries cast a shadow on investor wallets. Markets have largely fell worldwide after messages, and the sale has expanded on Monday.

Trump and Its administration is challengingwith the US president who says “will not be easy” and calls on Americans to “hang” in True Social Publication Late Friday.

Over the weekend, The European Union has been reported In order to prepare tariffs aimed at up to $ 28 billion in US imports, noting the most escalation in this conflict. China and Canada I had also announced vengeful measures last week.

With such market losses, a predicted increase in consumer prices and an increased risk of recession from tariffs is that it is difficult to see what the “victory” for Trump, which said in 2018 that “that”Commercial wars are good and easy to win!“

– Lim Hui Jie

The markets designated to extend the losses
US stock futures dropped out On Sunday evening, heralds the third day of losses after a two -day historical route on the stock exchange. Dow Jones Industrial Middle Futures He fell with 1531 points, or 4% on Sunday night, pointing to another brutal session forward on Monday. S&P 500 Futures 4%shed. NASDAQ-100 Futures lost 4%. Friday, Dow and S&P 500 saw their loser losses Since 2020, while the NASDAQ Composite has entered a bear market after recording a 6% loss.

Crypto joins a market route
Bitcoin fell below the level of $ 79,000 Sunday, as investors have prepared for more instability in the financial market. Cryptocurrency dropped by 15% in 2025 and, Absent the crypto-specific catalystis expected to continue moving in tandem with shares, as the global recession is afraid, overshadows every regulatory tail that crypto is expected to take advantage of this year.

“Tariffs come: Merchant Secretary Luni
Trade Secretary Howard Luni said The White House will not delay The start date on April 9 for reciprocal tariffs. Speaking with “Face the Nation” on CBS “ On Sunday, Luni said, “They will definitely stay in place for days and weeks,” adding “the president must reset global trade. Everyone has a trade surplus and we have a commercial deficit.”

Bestent rejects fears of recession
Finance Minister Scott Bensten on Sunday rejected the worries of Americans There may be about a potential upcoming recession and the status of their retirement plans, saying that President Donald Trump and his administration “build the long -term economic foundations for prosperity.” Speaking to the NBC News’ Meet the Press, “Bessent has called it a” false story “that Americans close to retirement may be restrained to do so after their retirement savings may have dropped this week due to the fall in the stock market. “In fact, most Americans do not have everything on the market,” Beshent added.

(Pro)

Berkshire Hathaway Weathers Market Rout
Warren Buffett Berkshire Hathaway acquired better than S&P 500 In a brutal week, as investors accepted the safety of a money-rich conglomerate, seeing softer losses than the broad market index. The internally oriented Berkshire, who also owns large production, energy and commercial enterprises, is still about 8% this year.

The Chinese Foreign Ministry on Saturday He said “The market speaks” after the imposition of US imposition of new tariffs and called on the White House to disarm the escalating trade war by “consulting with a level leg”.

This comes as US markets fell sharply For the second consecutive day on Friday, with the three main index Downhill with more than 5% As part of a Global routeS

Market shocks exacerbated on Friday when the Chinese Finance Ministry declared This would require a 34% tariff for all goods imported from the United States, starting on April 10.