En coverage of its April 21 edition, the American magazine The New Yorker cleverly parody a cult scene from the film The dictatorby Charlie Chaplin (1940). We see a Donald Trump blowing in a globe ball, spinning him on his thumb, bounce on his buttocks, before he exploded in his face. This globe undoubtedly symbolizes the global economy that the President of the United States thinks he can subject to the game of his customs policy.
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You can also see the global finance with which Trump plays, in his big casualness, to the rhythm of the increases and returns behind his customs duties. At the end of the Pascal weekend, the American administration has multiplied the statements aimed at eating the spirits. For many, this was the sign that the financial markets had sounded the end of the game! Is the financial globe a solid recall force or, on the contrary, a huge bubble on the brink of the explosion?
Whether the movement is orchestrated or not, the stock market indices have, in recent times, evolved to the rhythm of the declarations of the White House. With each announcement of increase in customs tariffs, the main stock markets have plunged; With each break or hindsight, they have taken up colors. When customs duties increase, investors on the financial markets expect world trade and economic activity as a whole to decrease and revise their yield anticipations: they allege or reallocate their portfolio, there are then more sellers than buyers on the market, which lowers the price of the most concerned values and sectors.
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