Despair on the New York Stock Exchange on Thursday 3 April 2025 / AP Photo / Seth Wenig
After Wednesday’s rally (09.04.2025) the Wall Street He returned again to strong losses, with his heavy “papers” Dow Jones to lose over 1,000 units.
So, Thursday’s Wall Street meeting closed with a “dip” of 1,104 points or 2.5%, the S&P 500 fell 3.49%and Nasdaq strongly turned 3.31%.
The sell off accelerated after the White House confirmed to CNBC on Thursday that the cumulative percentage of customs duties in China would actually reach 145%. This consists of the new duty of 125% on the goods, in addition to the 20% rate imposed in response to the Fentanyl crisis. However, Trump later said in the afternoon that he did not exclude the extension of duties.
According to the relevant Presidential Decree, which also confirms the suspension of duties in other countries, the 125% duties announced yesterday by Donald Trump against China are added to the 20% duties already imposed by early March, as part of the battle against the unlawful trafficking of a strong trafficking.
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