Trump’s Tariff Warning to China | The Wall Street Reacts With the trade worries already rampant, the markets sensed the volatility. A huge blow hit Wall Street as former U. S. President Donald Trump warned China — to withdraw retaliatory duties or face an increase in tariffs of 50% from April 9.
Within hours of the report breaking news, the stock market responded with a furious wave of selling. The S&P 500 index lost $2 trillion dollars in value – one of the worst drops since the 2020 pandemic, and other indexes also went down heavily, including the Dow Jones dropping over 900 points and the Nasdaq sliding through the dot due to fears of a fresh geo-political tsunami.
“We can’t let them walk all over us, ” Trump said of Chinese trade moves late last month as he set off a fearful new wave of geopolitical tension between the two world’s biggest economies. “If they don’t pull back, we’re going forward. ”
(It gave the stocks another fuel to burn, as the already shaky stock market got another reason to fall. ) Global manufacturers, tech exporters and consumer brands with the most Chinese exposure tumbled the steepest. Stocks like Apple, Boeing and Caterpillar all ended the day deeply in the red.
Market experts said it wasn’t just political theater. “That has happened to everyone, ” Dana White, a senior analyst at one New York investment firm, told CNN. “They wanted stability. They got more uncertainty. ”
(Reuters) – Markets outside the United States did too, with markets in Asia and Europe slipping into negative territory Monday.
With rising inflation, uncertain interest rates and economic turmoil around the world, Trump’s tariff plans offer fresh and unpredictable volatility — and with no official response yet from either the White House or the Chinese government, uncertainty exists.
As investors wait anxiously for a response from Beijing, analysts say we are about to enter a new chapter in global trade.
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