The stock markets have fallen sharply after the president of the United States, Donald Trump, revived the fears of a commercial war by threatening to impose high rates for the EU and the giant of Apple smartphones.
European shares fell 1.7 percent, the US S&P 500. The Dow Jones industrial average fell 408 points, or 1 percent.
Trump threatened to impose a 50 percent tax since next month in all imports to the United States from the EU, even in pharmaceutical and luxury products.
He also warned Apple of a 25 percent rate on any iPhones made of the United States, but sold there.
“This last threat is worse than the worst case,” said Fiona Cincotta, senior market analyst at the City Index.
The United States Secretary of the United States, Scott Besent, said Trump did not believe that EU trade offers to the United States would be good enough and expected the new tariff threat “to turn a fire” under officials in conversations with Washington.
In early April, Trump announced high tariffs in almost all countries of the world, with a minimum of 10 percent, taking the world to the edge of a commercial war, although he later announced a 90 -day suspension.
In response to tariffs on China, Apple has been looking to move the manufacture of iPhone to India.
The Stoxx 600 Paneuropeo Index had fallen 1.9 percent before Friday afternoon, and was ongoing to register a weekly fall for the first time in five weeks.
The Euro Stoxx volatility index shot in more than four weeks.
Existence rates in France, Spain and Italy decreased by 2.3 percent and 2.8 percent.
The United Kingdom FTSE-100 was reduced by 0.6 percent after recovering slightly from a more pronounced fall.
The German Dax fell 2.1 percent, after reaching an earlier historical maximum in the day, in economic news.
The actions of German car manufacturers and luxury companies, some of the most exposed to tariffs, fell. Porsche, Mercedes and BMW fell more than 4 percent just after noon.
However, government bonds in the United States and Europe recovered, since the assets suddenly found the favor of shelter buyers.
The president of the United States falsely affirmed in his social network of truth: “The European Union, which formed with the main purpose of taking advantage of the United States in commerce, has been very difficult to handle.”
He previously announced that Apple would be beaten with 25 percent tariffs if the telephones sold in the US.
The EU Commission declined to comment, saying that it would wait a phone call between the head of EU Maros Sefcovic and his American counterpart Jamieson Greer later.
Dutch prime minister Dick Schoof said he was waiting for a quiet and robust response from the EU.
