The three main rates of action from the US suffered sharp declines, losing much of the earnings of the previous session, as increasingly fears of climbing the commercial confrontation between Washington and Beijing reduced enthusiasm for optimistic economic data and commercial negotiations between the US and Europe.
According to preliminary data, the S&P 500 lost 3.45%to 5,267.11 points. The Nasdaq technology index retreated 4.31%to 16,387.31 points. Dow Jones fell 2.54%to 39,578.94 points.
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The tariffs applied by the United States about Chinese products were 145%, the White House clarified this Thursday (10) to the station CNBC. The amount refers to the 125% mentioned by Donald Trump the day before, in response to the retaliation of 84% promoted by Beijing, added to 20% that were already in effect before the announcement of the so -called “reciprocal tariffs”.
After the clarification, Dow Jones fell 4.67%at 38,712.29 to the points. The S&P 500 fell by 5.41%, to 5,157.71 points, while Nasdaq composite retreated 6.25%at 16,041.25 points at 1:21 pm (Brasília time).
According to the White House, the 20% surcharge had been applied by Trump earlier this year, in the context of the pressures regarding fentanyl trafficking.
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The turnaround occurred less than 24 hours after the new rates came into force over most business partners, raising S&P 500 to their largest daily percentage since 2008 on Wednesday. Nasdaq has registered its biggest daily leap since 2001.
Trump also announced a 90 -day break in many of his new reciprocal tariffs, but raised them from 104% to 125% over Chinese imports. Beijing had tax rates of 84% on US imports to match Trump’s previous charge.
The European Union also said it had agreed with a 90 -day break in its retaliatory rates on US products, which would come into force on April 15.
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Most S&P 500 sectors were down. The information technology and energy sectors led losses, falling 3.5% and 3.9%, respectively.
Most Megacaps actions retreated, with Tesla and Nvidia losing more than 4% each.
Meanwhile, data showed that the consumer price index fell 0.1% in March compared to the previous month and advanced 2.4% in 12 months until March.
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“We remain cautious about current inflation data, as these numbers reflect a period prior to the implementation of recent tariffs,” said Dan Siluk, Portfolio Manager at Janus Henderson.
“We expect more volatility from inflation readings in the coming months.”
Operators now see nearly 90-base cuts of interest rates by Federal Reserve by 2025, according to LSEG data.
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Despite Wednesday’s gains, S&P 500 and Dow Jones are about 5% below the observed levels before the announcement of reciprocal tariffs last week.
(with Reuters)