A catastrophic two -day completed on Friday (04.04.2025) for the Wall Street Following the announcements of his duties Donald Trump April 2.
The blows that Wall Street received for the second consecutive day were significant, as they became 5 trillion smoke. dollars in 2 days after China reacted with new duties to US products, increasing fears that a trade war would lead the planet to recession. In total, they amount to 9.6 trillion. Losses after Trump’s rise to power.
On Friday, the Dow Jones industrial index fell 2,231 points or 5.5%, following a loss of 1,679.39 points on Thursday. The S&P 500 slid 5.9% after the decline of 4.84% on Thursday and technological Nasdaq lost 5.82%, as many technology companies have a report in China. On Thursday, Nasdaq fell 6%. It is noteworthy that Wall Street’s “fear” index, Vix, which measures market volatility, closed at 47%.
The Chinese Ministry of Commerce said on Friday that the country would impose a 34% levy on all US products. This fits the duty on Chinese products entering the US presented by President Donald Trump on Wednesday. After the Chinese announcement, Trump reacted, saying that China’s response to the trade war he started was a “panic move”.
“China played it wrong. He panicked and this is the only thing he doesn’t have the luxury of doing, “Donald Trump wrote in a post.
“The Trump government may play a courage game with commercial partners, but market participants are not willing to wait for the results,” Michael Arone, a SPDR -led strategic investment analyst at State Street Global Advisors, told CNBC. “Investors sell first and ask questions later.”
Companies with a large exposure to China led the fall with Apple and Qualcomm fell 7.2% and 8.5% respectively. Tesla lost 10.4% and Caterpillar fell 6%. Nvidia declined about 8%.