- The stock exchange continued its collapse on Friday The NASDAQ, as a result of a month of falling from the “Freedom Day” tariffs of the President Donald Trump. China has applied 34% of revenge tariffs to the United States. In the market in the confusion, Trump called Jerome Powell to reduce interest ratios, but the Fed chair has moistened hopes for an inevitable cut.
On Thursday, President Donald Trump continued to sell Friday to sell after the “Freedom Day” tariffs since Freedom Day.
Dow Jones, the industrial average, lost 1600 points after 1679.39 points, more than 4%, lost 1800 points.
The S & P 500 slid 4.7% Friday, NASDAQ 4.6%, the technological-severe index puts more than 20% to 20% below 20% and in the Bear Market.
Thursday night JPMorgan raised the bets of 40% to 60% after the latest tariffs of Trump.
As investors searched for the security of the bonds, the 10-year treasury product slipped down 4% on Friday, 4% close to the lowest levels since September.
At the beginning of Friday, Beijing, Trump’s imports of Trump with US imports will be revealed from China to 34% of the tariffs. In addition, China added several companies “List of invalid institutions“Apply to foreign bodies that violate market rules or violating contractual obligations. China has opened an antitrust investigation against the Duponta, which causes a 12% of shares.
Trump stood firm in aggressive import duties, “said policies will never change,” The truth is social Post.
In another post The truth is socialTrump federal prescription Jerome Powell has demanded lower interest rates and “stop playing politics.”
However, Powell warned that the tariffs sweeping on Friday could be higher inflation, it can further increase the inflation so that interest paces will fall soon.
“The higher tariffs will pass through the economy and probably increase in inflation in a quarter of a quarter in the future,” he said at a Journalism Conference in Washington, DC
Trump tariffs “was much bigger than expected,” Powel. He noted that the economy is currently healthy, citing a positive way Affairs Report It was released on Friday, Trump’s heavy import tasks make uncertainty, consumers and enterprises nervous, and forces the duration of the retention.
“We were well placed to wait for more clarity before taking into account any adjustments in our policy position,” Powell said. “It’s too early to say what the appropriate way for monetary policy will be.”
This story was first displayed on Fortune.com
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