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The stock markets in Asia fell at the opening on Wednesday and the decline continued on Wall Street earlier, amid fear over Donald Trump’s 104% rate on imports from China. In Tokyo, the Nikkei fell 3.5% on the opening, and the hanging Seng in Hong Kong was down by 4%.
The president spoke in Washington on Tuesday night, claiming that the massive import tax he imposes on Americans will help set the victory for his Republican Party in the next year’s mid -term election.
During 90 minutes of winding remarks before GOP legislators and donors with deep pockets at the National Republican Congress Committee’s annual fundraising gala, Trump said the stage is now “on a monumental victory for Republicans in the mid-term, which the most important economists and business experts say, the status of the world will threaten the world.
“I know what the hell I do. I know what I’m doing, and you know what I’m doing too, ‘he said.
The president also warned against the approaching rates on imported pharmaceutical products in an attempt to bully businesses to move production to the US
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