Dow dives 2000 as sold for markets in scarcer equipment to Trumps rates

New York, the sale for financial markets worldwide, is in an even higher, scarcer equipment on Friday. The S&P 500 tumbled by 5.7%, and the industrial average of Dow Jones has dropped 2.054 points as Wall Street’s worst crisis since the Covid crash deepened. The Nasdaq composition was down 5.5%, with a little over an hour left in trading, after China matched President Donald Trump’s big increase in rates in an increasing trade war. Not even a better -than -expected report on the US job market, which is usually the economic peak of each month, was enough to stop the slide. So far, there are few, if any, winners in financial markets from the trade war. European stocks have dropped about 5%. The price of crude oil has fallen to the lowest level since 2021. Other basic building blocks for economic growth, such as buyer, also saw that prices have fallen on worries. The trade war will weaken the global economy. China’s response to US rates has caused an immediate acceleration of losses in markets worldwide. The Ministry of Trade in Beijing said it would respond to the 34% tariffs imposed by the US on the import of China with its own 34% tariff for importing all US products from April 10. The United States and China are the world’s two largest economies. Markets have briefly repaired some of their losses after the Friday morning release report, saying that employers accelerated their rent with more last month than economists expected. It is the latest signal that the US job market remained relatively solid at the beginning of 2025, and it was a linchpin that kept the US economy out of a recession. But the work data was backwards and the fear that financial markets hit is about what’s to come. “The world has changed, and economic conditions have changed,” says Rick Rieder, investment officer of global fixed income at Blackrock. The central question is: Will the trade war cause a global recession? If so, share prices will probably have to fall even more than they have already done. The S&P 500 is about 16% lower than its record set in February. Trump looked relentless. From Mar-a-Lago, his private club in Florida, he wrote a few kilometers away to his golf course on his way to social media that “it’s a good time to get rich.” Much will depend on how long Trump’s rates are stuck and what kind of retribution other countries produce. Some of Wall Street holds that Trump will lower the rates after chalking up some ‘victories’ from other countries after negotiations. Otherwise, many people say that a recession probably looks. Trump said Americans could feel a little pain due to rates, but he also said that the long -term goals, including more manufacturing opportunities to the United States, were worthwhile. On Thursday, he compared the situation to a medical operation, where the US economy is the patient. “For investors looking at their portfolios, it could have felt like an operation performed without anesthesia,” says Brian Jacobsen, chief economist at Annex Wealth Management. But Jacobsen also said the next surprise for investors could be how fast rates are negotiated. “The speed of recovery will depend on how and how fast officials are negotiating,” he said. Vietnam said his deputy prime minister would visit the US for talks on trade, while the head of the European Commission promised to fight back. Others said they hope to negotiate with the Trump administration for relief. Trump criticized China’s retaliation on Friday and said on his truth social platform that “China played it wrong, they panicked – the one thing they couldn’t afford to do!” At Wall Street, shares of companies doing a lot of business in China have dropped from the sharpest losses. DuPont fell by 11.7% after China said its regulators launched an anti-trust investigation into Dupont China Group, a subsidiary of the chemical giant. This is one of several measures that target US businesses and in retaliation for US rates. Gealthcare got 13.8% of its turnover from the China region last year, and it fell by 12.7%. In the bond market, Treasury’s returns continued with their sharp decline as the concerns about the strength of the US economy rise. The return on the 10-year treasury dropped to 3.99% late Thursday from 4.06% and from about 4.80% early this year. This is an important step for the bond market. The Federal Reserve could lower its most important interest rate to relax the pressure on the economy as it was done late last year before he stopped in 2025. But it can have less freedom to move than it would. Fed chairman Jerome Powell said in written remarks made in Arlington, Virginia, rates could also increase expectations for inflation. It can be even more harmful than a high inflation itself, because it can drive behavior that begins with a vicious cycle that only exacerbates inflation. US households have already said they have a sharp increase in their accounts. “Our obligation is to keep anchoring inflation expectations well and to make sure that a one -time increase in the price level does not become an ongoing inflation problem,” Powell said. This may indicate a hesitation to reduce rates because lower rates can provide inflation more fuel. In stock markets abroad, Germany’s DAX lost by 5%, CAC 40 of France fell 4.3%and the Japan’s Nikkei 225 fell 2.8%. Scry Scry This article was generated from an automated news agency feed without edits to text.