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Trump’s tariff policy leads to an atmosphere of instability in the global market.
The US market rose by more than 2% on the last trading day of the week i.e. Friday, April 11. The Dow Jones Index climbed 619 points (1.56%) to 40,213 levels.
The S&P 500 index rose by 95 points (1.81%) to close at 5,363 levels. The index Nasdaq Composite of technology stocks rose by 337 points (2.06%), which is at 16,724.
The US markets climbed 12% on 9 April after the announcement of 90 days of ban on tariffs imposed on countries around the world by President Trump. However, due to tariff war with China, there was a decline of 4% on 10 April.
Trump’s tariff policy instability in global market …
- Japan’s Nikkei index fell 1,023 points (2.96%) to close at 33,586.
- Korea’s Kospi index fell 12 points (0.50%) to close at 2,433 levels.
- The Taiex index of Taiwan climbed 528 points (2.78%) to close at 19,529.
- Hong Kong’s Hangseng index closed up 1.13%.
- Gift Nifty, trading on the International Exchange of NSE, closed about 100 points.
- China’s Shanghai Composite Index has climbed 14 points or 0.45% to 3,238.
On April 11, the Indian market was in a boom
The Sensex rose 1310 points (1.77%) to close at 75,157 levels on the last trading day of the week i.e. Friday (April 11). The Nifty also rose by about 429 points, it reached the level of 22,829.
46 out of 50 shares of NSE rose. Metal sector climbed up to 4.09%, consumer durables 3.19%, pharma 2.43%, oil and gas 2.20%and auto 2.03%.
US markets fell 4% on April 10
The US market was up 12% on April 9. A day later there was a decline of more than 4% on 10 April. The Dow Jones index fell 1,015 points (2.50%) to close at 39,594.
The S&P 500 index closed at 5,268 with a decline of 188 points (3.46%). The Nasdaq Composite declined by 737 points (4.31%). It closed at 16,387 levels.
After 4 consecutive days of decline, the US market gained momentum
On 8 April, the US stock markets closed down in a decline on the fourth consecutive trading day. The Dow Jones index fell by 320 points or 0.84% to 37,645. At the same time, the US market’s S&P 500 index fell 79.48 points or 1.57% to close at 4,982 levels. The index Nasdaq composite of technology stocks fell by 335 points or 2.15%. It closed at 15,268 levels.
Dow Jones fell 10% during the three consecutive trading days. The total decline of Dow Jones in four business days had exceeded 11%. However, the same day’s boom has almost covered this decline of the market.
Causes market volatility
On 3 April, US President Trump imposed a Tit tariff to the world like worldwide. It has announced to impose 26% tariffs on India. China will take 34%, European union 20%, South Korea 25%, Japan 24%, Vietnam 46%and Taiwan will take 32%tariffs.
The move has started a tariff war. In response to the US tariff, China announced to impose 34% counter -tariff on the US. After the tariff of China, the US announced to impose 50% additional tariffs. This increased the total tariff to 104%.
In response to Trump’s action, China decided that it will now reply to 84% tariff. On 9 April, Trump once again increased the tariff to 125% on China, but postponed the tariff to be implemented from April 9 for 90 days.
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Read this news related to tariffs ….
Trump on backfoot in 7 days: Tariff stopped for 90 days, increased on China to 125%
US President Donald Trump on Wednesday stopped more than 75 countries such as Tit i.e. reciperook tariff for 90 days. This has come into force with their decision.
However, he has not included China in this discount, but has increased the tariff on it from 104% to 125%. Trump took this action after 84% tariffs imposed by China.
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