Wall Street sell-off resumes as Donald Trump’s China tariffs spook investors

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It resumed a brutal sale in Wall Street on Thursday, as banks and investors warned that Donald Trump’s tariff could put the United States in stagnation even when the president fell from a full trade war.
The S& P 500 index decreased by 3.5 percent on another day of turbulent trading and a sharp shift from the previous session by 9.5 percent. The Standard Participation Index in Wall Street decreased by 6.1 percent for April.
The heavy NASDAQ technology has decreased by 4.3 percent after its best day since 2001. In the currency markets, the dollar index fell against half a date of its peers by 1.9 percent, as it sent the rush of American Japanese yen, euros and sober in the United Kingdom.
Markets On Wednesday, after Trump stopped 90 days of the sharp “mutual” tariffs on a group of countries. The gains were to postpone from Sales Throughout the American markets, which leaked this week to the Treasury Market of 29 Trugta, the foundation for the financial system.
However, Wall Street Banks and investors said that the president’s decision to raise his duties on Chinese imports reaches 145 percent and maintains a global 10 percent. tariff It still provides a serious danger to the American economy.
“In conjunction with the ongoing political chaos on financial and local issues, in addition to the losses that still exist in stock markets and strike confidence, it is still difficult to see the United States avoid recession,” Jpmorgan said.
Goldman Sachs said that “it is too early” everything is clear “and warned that” while some of the immediate risks of the tail have decreased, the uncertainty in politics is still very high and is likely to burden it with consumer and commercial activity. “
US Treasury bonds faced an explosion of sale on Thursday, with the return on the standard memorandum for 10 years, an increase of 0.11 percentage points at 4.41 percent, leaving nearly 0.1 degrees Celsius less than its highest levels per week.
“Today’s circulation has witnessed a rare, ugly and worrying mix of market movements with the dollar, bonds and stocks low amid renewable fluctuations and crossed assets markets,” said Krishna J.
The markets remained under severe pressure, as Trump held a spicy meeting in the Cabinet at the White House. “I don’t see anything unusual today,” said Treasury Secretary Scott Beesen, who answered a correspondent. He answered the question after Trump said he had not seen the markets on Thursday.
“We would like to be able to make a deal. They have really benefited from our country for a long period of time,” Trump said of China. He also said he was ready to restore extensive mutual definitions if other countries refuse to formulate new trade deals with Washington.
On Thursday, China imposed additional tariffs of 84 percent against the United States against the United States as planned, raising its total tax on US imports to more than 100 percent. President Xi Jinping indicated that he would not back down from the escalating trade war, but Beijing has not taken any immediate step to match the Trump rate.
“If you want to speak, the door is open, but the dialogue must be made on an equal basis on the basis of mutual respect.” “If you want to fight, China will fight to the end. Pressure, threats and blackmail are not the right way to deal with China.”
Renminbi has weakened to its lowest level since 2007 in the last Beijing brand ready to tolerate the gradual consumption in response to the American definitions.
Fears of the expansion of the trade war between the two largest economies in the world also led to a decrease in oil prices again on Thursday, as Brent International decreased by 3 percent by $ 62.33 a barrel. The West Texas stabilized at $ 60.07 – which is the price will to threaten Analysts said the heavy rock sector in the country.
The trade conflict with China, the world’s largest source, has strengthened the average US tariff for imports from the Asian country to 134.7 percent, according to the Peterson Institute for International Economy.
A separate analysis of the Yale Budget Laboratory said that American consumers are now facing a 27 percent tariff rate, which is the highest level since 1903, when taking into account the American tariff and those imposed against America.
Bill Campbell, director of the global bond portfolio at DouBleline, added that the uncertainty about Trump’s policies and its goals is likely to “suffer from markets and macroeconomic expectations in the coming months and quarters.”
“The uncertainty in the customs tariff will lead to the complexity of commercial decisions regarding strategic issues such as the place of preserving or transporting production facilities; periodic issues such as salary management and compensation; [capital spending]”
By Kate Duguid, Will Schmidt, Harriet Klifelt and George Steer in New York, Steve Chavez and Amy Williams in Washington
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2025-04-10 23:02:00