The stock market shudders for the second consecutive day while China goes back against Trump’s tariffs

The stock market is ready for a second consecutive day of jokes in the midst of the growing concerns of investors about the economic growth of the United States and the perspective of a global commercial war.

Ninety minutes before the start of trade in New York, the futures of the industrial average Dow Jones fell almost 1,500 points, or 3.6%. Futures in the S&P 500 compound and Nasdaq slide 3.7% and 3.9%, respectively.

These numbers established financial markets for another precipitated fall after Thursday’s actions suffered their larger drops of a day Since 2020, vaporizing approximately $ 2 billion in investors, according to Factset.

Investors are moving to reduce their exposure to risky assets after President Trump announced on Wednesday a 10% reference rate In all US business partners and increases to dozens of countries that charge higher taxes on US exports.

Wall Street economists and analysts expect the new tariff round, which the Trump administration has Nickname “Liberation Day” To reduce economic growth and raise inflation. Most market analysts still put the chances of a recession in less than 50%, although they warn that conditions seem more and more fragile.

“The opening save on Wednesday afternoon was too devastating, puerile and economical illiterate to pass, and the economic recession that was already underway will now evolve towards something worse,” said Variable Income Analyst Adam Crisafulli, head of vital knowledge, in a note to investors.

Foreign markets also slid on Friday. In night trade in Asia, Nikkei 225 of Tokyo lost 2.8%, while Kospi of South Korea sank 0.9%. The markets in Shanghai, Taiwan, Hong Kong and Indonesia were closed by vacation, which limited the reach of Friday sales in Asia.

In European trade, Dax of Germany lost 2%, CAC 40 of France in Paris fell 1.6%and the FTSE 100 of Great Britain threw 1.7%.

Trump has warned other countries that do not retaliate to the flood of taxes on American imports. Ignoring that advice, China said Friday that it will impose a 34% of import tariffs of all American products from April 10.

The new rate coincides with the Rate of the US rate announced by Trump this week, which called a “reciprocal” measure, claiming that China had tariffs and other measures established in US goods that already amounted to a commercial barrier of 67%.

“Tariff developments will continue to be the dominant driver for financial markets during the short -term period,” said John Canavan, an American Oxford Economics analyst in a report. “The announced rates of President Trump weaken the perspective of economic growth and add to the risks of greater inflation.”

The Association press contributed to this report.

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• S&P 500
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• Stock market
• Donald Trump