The US stock market descends again as Trump threatens the tariffs to the wine | Donald Trump
Benchmark S&P 500 drops 1.39 percent, withdrawing the index more than 10 percent below my February.
The company’s shares market has taken another decline after the threat of US President Donald Trump to impose steep stew and other alcoholic products from the European Union.
Benchmark S&P 500 fell 1.39 percent on Thursday, pulling the correction index – Wall Street Lingo for a drop of 10 percent or more than a top.
Corrections are not unusual in the US stock market, which has been consistently recovered from losses due to its history, although they can be disturbing for investors in the short term.
The S&P 500 last time entered the correct territory in October 2023, when the index slid 10.3 percent of its peak that July.
The industrial average DOW Jones and Tech-Heavy Nasdaq Composite also recorded a sharp drop, dropped 1.30 percent, or 1.96 percent.
The latest losses mean that US shares have lost more than $ 5 trillion market values from their peak in February.
Trump’s return and back Store announcements have nervous marketswith investors who struggle to evaluate whether his tariffs are here to stay or are a negotiating tactic to pull out the concession.
“The main difference between the trade war under Trump 1.0 and Trump 2.0 is a duration,” said Kobeissi letter, financially newsletter founded by Adam Kobeissi, on X.
“In his first term, Trump’s tariffs have been considered more tactics. This time the markets are priced longer on more trade partners. This is a material change.”
In his last salvo on Thursday, Trump threatened to scream 200 percent of tariffs On wine, champagne and other EU alcoholic products.
Trump’s threat followed after Bloc announced that he was planning to impose a 50 -pointed tariff on the American whiskey of Burbon from April 1. In response to American duties on steel and aluminum, which entered into force on Wednesday.
Trump gave up on Tuesday to threat to impose a 50 percent of tariffs on Canadian aluminum and steel After Ontario Province agreed to temporarily suspend the extra charge of electricity exports.
Trump and his assistants have played out the stock market as a transitional period for the economy.
“I think this country will flourish. But as I said, I can do it in an easy way or a difficult way,” Trump told reporters on Tuesday.
“A difficult way to do this is exactly what I do, but the results will be 20 times higher.”
