April 13, 2025
The US stock market fell sharply after Trump's introduction of duties on goods from all over the world thumbnail
Economy

The US stock market fell sharply after Trump’s introduction of duties on goods from all over the world

Dow Jones index lost over 1100 points”, – WRITE: www.radiosvoboda.org

US stock indices lost from 2.7% to almost 4% in the first minutes after the opening of trading on April 3 – the first day after the US President was announced on the introduction of duties on goods from almost all countries of the world.

The Dow Jones index has lost more than 1100 points, or 2.7%, the S&P500 index – more than 3.2%, NASDAQ index (it takes into account quotations of shares of high -tech companies) – up to 4%.

Read also: The EU has declared a counter -commission on the US duty if negotiations are failed

US President Donald Trump on April 2 announced the introduction of duties on goods from all over the world that will be imported to the United States.

The basic customs rate on import of all foreign goods to the United States will be 10%. But for EU countries it will be 20%, for China – 34%, for South Korea – 25%, for Japan – 24%, for India – 26%.

The International Monetary Fund has previously stated that US President Donald Trump’s desire for large -scale tariffs creates great uncertainty and undermines confidence, but is unlikely to provoke recession in the near future.

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