Donald Trump’s stitching tariffs light $ 2.5 TN on Wall -Rate

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Donald Trump defended his extensive tariffs after the latest US president’s application for the rework of world economic order, destroyed at about 2.5 hours of the Wall Street stock.

The President said on Thursday night that “waited” his plans for raising tariffs At the highest level, for more than a century, they would go out in the financial markets, adding that “there were many problems in the economy … It was a sick patient.”

He said his tariffs would lead to a “prosperous economy”, even if his proclamation of 10 percent and higher tariffs on many countries has shook the trust of investors in the previous day.

On Thursday, the S&P 500 collapsed by 4.8 percent, reducing the Blue-Chip Index market value by 2.48 tN, Financial Times said Factset data. The composite of the NASDAQ Composite was plunged 6 percent on the worse after the 2020 Coronavirus crisis.

The US dollar fell 1.6 percent on the rivals.

“The collapse is a loss of confidence in the assets intended for dollars,” said Francesco Pesol, currency strategist at Ing. “This is a vote without confidence in Trump’s 100 days.”

As economists predicted that new responsibilities would force inflation and achieve growth, US banks have fallen on the recession, and the KBW sector index decreased by 9.9 percent.

More than 300 billion dollars were destroyed from Apple’s market capitalization Because stocks in the most valuable company in the world slid 9.3 percent, investors attracted themselves to Trump’s tariffs on Asian iPhone manufacturers. It was Apple’s worst market capitalization.

Brent Crude, global oil landmark, was down 6.7 percent at $ 69.94 a barrel.

“Markets They were very outdated, and now they are going to the spiral regime of the recession until they have a probable reason, ”said Robert TIP, head of PGIM Global bonds.

Investors rushed to the US Treasury bonds, shelter in the minutes of market shocks. The short dated bond was the largest beneficiaries, with the largest movements of two- and three years of return since August 2024.

The short dated bond is moving with the interest rate expectations, and the yield growth on Thursday suggests that investors rely on a greater decrease in the federal reserve rate. Gives the transition back to the cost.

“There was a mass flight to quality in the Treasury,” said Matthew Scott, head of the main fixed profit and multilateral trade in Alliancebernstein.

These steps took place after Trump’s announcement on Wednesday by 10 percent on almost all US imports from April 5 and the “return” tariffs to 50 percent from April 9 at dozens of countries.

Chinese exports can grow up to more than 60 percent after the US president added 34 percent tariffs for previously imposed duties.

Analysts point out that measures can dramatically reduce China’s GDP this year and push the second largest economy to the world to transition from production to internal consumption.

The Chinese Ministry of Commerce said on Thursday that Beijing “strongly takes measures against the protection of its own rights and interests.” The Ministry of Foreign Affairs added: “It is clear that more and more countries are opposed to US -campaigns and other unilateral bullying.”

Trump claimed that his duties would help restore American production, encourage investment, hinder other countries to “disrupt the United States” and provide trillions of dollars to finance tax reduction.

But the US has signs of tension. The Stealis’s car said it would be Furlough 900 workers At five factories in the US as a result of temporary shutdown in Canada and Mexico in response to individual tariffs imposed by Trump 25 percent on foreign vehicles.

Consumer -focused groups, including Nike and Electronics Retailer Best Buy, were some of the worst hits as the worries were spinning about how the latest tariffs would affect and without the gloomy moods among American households and potential supplies.

Washington’s traditional allies were disappointed with the fact that they reflected as an act of economic hostility, and French President Emmanuel Macron called on European companies to stop investment in the US.

“What message would it be for big European actors to invest billions of euros into the American economy at a time when they hit us?” He said, adding that “nothing is excluded” in terms of revenge.

Unlike this, British Prime Minister Sir Keir Starmer said he would double the US Business Liders’ Business Liders on Thursday after the early talks were unable to stop the Trump by striking at all British exports.

François Bair, Prime Minister Macron, said Trump’s step was “a disaster for the world economy … (and) also disasters for the US and for US citizens.”

Report by Kate Daguid, Hariet Clarf and George Style in New York, Stef Chavez in Washington and Jan Smith in London