In the aftermarket of the New York Stock Exchange, the Dow Jones fell 0.5%, the S&P 500 lost 1.6%and the technological Nasdaq collapsed 4%. Meanwhile, European stock markets fell to 2.4%.
Wall Street futures and European stock markets collapsed up to 4% This Wednesday as an immediate reaction to the announcement of the president of the United States, Donald Trump, about the Imposition of a 10% base tariff over all higher imports and rates for countries with commercial surplus against Washington.
In the aftermarket of the New York Stock Exchange, The Dow Jones fell 0.5%, the S&P 500 lost 1.6%and the technological Nasdaq collapsed 4%.
The actions of the main technological giants, collectively known as the magnificent 7, fall sharply in operations after closing. The papers of Apple lead the falls with a 6.2%decrease, closely followed by Tesla, which drops 4.9%. Amazon and Meta Platforms also experienced significant losses of 4.9% and 3.6%, respectively. Alphabet, Microsoft and Nvidia were not saved either, with setbacks of 2.7%, 1.9%and 3.7%, in that order.
In Europe, on the other hand, Frankfort’s stock market sank 2.4% that of Paris, 2.1% and that of London, 0.8%.
In a turn that threatens to reconfigure global trade, Trump seeks to generate tax revenues for hundreds of billions of dollars, but also It could accelerate geopolitical tensions and press domestic inflation.
From the White House, the US president exhibited a graph with the new differentiated rates: 34% for imports from China, 20% for the European Union, 25% for South Korea, 24% for Japan, 32% for Taiwan, 10% for Argentina, among others.
“Our country has been looted, caught, raped, sheared,” The president argued with a combative tone, by justifying the decision as a response to decades of commercial imbalances.
The Republican invoked the 1977 International Emergency Powers Law to activate the new tariffs, in an attempt to force their main commercial partners to lower their own barriers. According to the US government, the commercial deficit accumulated in 2024 exceeded 1.2 billion dollars.
Trump said the tariffs – to those who called “reciprocal” – will allow the return of manufacturing jobs to the country and will end what described as a “scam” of more than half a century for taxpayers. However, economists warn that the general increase in tariffs could lead to a price increase in consumer goods such as cars, clothing and electronics, affecting both homes and companies.
The decision marks one of the most aggressive commercial actions of the last decades and could trigger reprisals by other economies.
Source: Ambito
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