Fears of commercial warfare are hovering again. Wall Street Falls

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After four consecutive earnings sessions, US stock markets closed down again. In recent days, the imminence of a new trade agreement between the United States, Canada and Mexico has encouraged investors and supported the rises in the main stock indexes, but on Thursday, the fear of a global trade war came up after the news that Donald Trump will be planning to move forward with more fees on products imported from China as early as next week.

The S & P 500 benchmark index fell 0.44% to 2,901.13 points. The Nasdaq dropped 0.26 percent to 8,088.36 points, while the Dow Jones industrial average fell again from the 26,000 point mark by depreciating 0.53 percent to 25,986.92 points.

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This move comes after Bloomberg has advanced that the US President intends to apply fees on 200 billion dollars products imported from China next week. Currently, fees on products valued at $ 50 billion are already in effect, but Trump wants to expand the range of Chinese goods that will be taxed. Confirming this plan, China has now a $ 250 billion worth of goods exported to the United States weighed heavily.

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China, for its part, will respond with rates between 5% and 25% on products imported from the United States, valued at 60 million dollars if the administration of Donald Trump decides to proceed with these rates.

The tension between the two countries is aggravated, despite the negotiation attempts that took place during the month of August. Analysts anticipate a negative impact on stock markets.