The brilliant boom of the US stock market could remain only one day. Today, on Thursday, they are once again in decline. Dow Jones Industrial Average has fallen by 1,571 points or 3.9%. The S&P 500 has fallen by 4.6%, while the Nasdaq Composite is 5.3%. Talking about companies, Apple share is broken 2%, more than 5% of Tesla, 3.6% of Nvidia and 3.8% of meta platform. S&P 500 has come down more than 6% since the announcement of US reciperook tariff on 2 April.
The historic rally was witnessed in the US markets on Wednesday after a 90 -day relief to other countries except China by US President Donald Trump. According to CNBC, S&P 500 was climbed 9 percent. The index recorded such a huge lead for the third time in any one day after the Second World War. Dow Jones saw the biggest lead since March 2020, while Nasdaq recorded one day’s biggest lead since January 2001.
On 9 April, Trump announced that he was giving relief to other countries other than China for 90 days with immediate effect in reciperook tariffs. During these 90 days, those countries will have a recipe of 10 percent. However, additional 10% tariffs will not be imposed on Canada and Mexico. At the same time, the US President for China has increased the American tariff with immediate effect.
Total rate of tariff on China is now 145%
The White House has cleared that the total rate of tariffs imposed by the US on China will now be 145%. It also contains 20% tariffs imposed in response to Phentineel Crisis. Apart from this, there is also a new 125% tariff on Chinese goods. In this way, the rate of tariff on all goods coming from China in the US is now 145%.
After Trump’s new announcement, the European Union is also postponing its counter -tariff against the US for 90 days. EU has approved tariffs on American goods worth about 21 billion euros ($ 23.2 billion).
Trump conducted insider trading in the stock market? A post and investors benefit from millions
Despite the initial optimism in response to 90-day relief at the reciperook Tariff, some people believe that the market still has not come out of danger. The CNBC report stated that according to Morgan Stanley, the increase in China’s tariff with some tariff delay has brought the effective tariff rate to a historic high level. Morgan Stanley’s chief American economist Michael Gapen wrote in a note, “Late helps, but uncertainty does not diminish.”
Crude oil dropped 4 percent
A day before, crude oil also saw a good rise. But now the price has fallen once again. The US benchmark crude oil has declined by more than 4.83 percent. The price has gone below $ 60 per barrel. The price of Global Benchmark Brent has also fallen by 4.63 percent to $ 62.45 per barrel.
These 25 shares can give tremendous profits tomorrow, restriction on tariffs can lead to a big boom
