{"id":6515,"date":"2025-04-09T07:49:41","date_gmt":"2025-04-09T07:49:41","guid":{"rendered":"https:\/\/firearmman.com\/?p=6515"},"modified":"2025-04-09T07:49:44","modified_gmt":"2025-04-09T07:49:44","slug":"stock-markets-slide-as-trumps-new-china-tariffs-go-into-effect","status":"publish","type":"post","link":"https:\/\/firearmman.com\/?p=6515","title":{"rendered":"Stock markets slide as Trump’s new China tariffs go into effect"},"content":{"rendered":"
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Asian stocks plunged again during Wednesday’s trading session after President Donald Trump’s latest batch of sanctions on China came into force, helping wipe off Tuesday’s limited gains and compounding a turbulent week<\/a> for the world’s key indexes.<\/p>\n

Trump’s new measures increased the cumulative rate of tariffs on Chinese goods<\/a> to 104% — a move met with more condemnation in Beijing, where officials warned that China is ready to fight an extended trade war if forced to do so.<\/p>\n

The latest tariffs came into force with key Asian markets already open. In Japan, the Nikkei index dropped more than 5% in response, while the broader TOPIX index slipped 4.6%. The Nikkei closed down 3.93% and the TOPIX down 3.4%.<\/p>\n

In China, Hong Kong’s Hang Sen index slipped 0.4%. Shanghai’s SSE Shanghai Composite Index — which has fewer international investors and is buoyed by the state-owned investors known as the “National Team” — posted gains of 1.1% despite the new tarfiffs. Shenzhen’s SE Composite rose 2.2%.<\/p>\n

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Shipping containers are seen at the Port Jersey Container Terminal, with the Manhattan skyline in the distance, in Jersey City, New Jersey, April 8, 2025.<\/span><\/span><\/span><\/p>\n

Charly Triballeau\/AFP via Getty Images<\/span><\/p>\n<\/div>\n<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n

Stocks in Taiwan fell more than 5.7%, Singapore’s STI index slipped 2.4%, South Korea’s KOSPI index lost 1.8%, Australia’s S&P\/ASX 200 lost 1.8% and India’s NIFTY 50 dropped 0.4%.<\/p>\n

In Europe, key indices dropped on opening.<\/p>\n

The British FTSE 100 dropped by 2.2%, Germany\u2019s Dax index dropped 2.3%, France\u2019s CAC 40 fell by 2.4% and Spain\u2019s Ibex index was down 2%. The pan-European STOXX index was down 2.6%.<\/p>\n

U.S. stock market futures indicated continued uncertainty, despite the White House touting possible deals<\/a> with as many as 70 nations seeking to avoid the impact of Trump’s tariff campaign.<\/p>\n

Dow Jones futures were up 0.01% as of Wednesday morning, with S&P 500 futures down 0.02% and Nasdaq futures up 0.26%.<\/p>\n

United States stocks closed lower on Tuesday, marking a major reversal from a rally that sent the S&P 500 and Nasdaq up more than 4% earlier in the day.<\/p>\n

The Dow Jones Industrial Average closed down 320 points, or 0.8%, while the Nasdaq dropped 2.1%.<\/p>\n

The S&P 500 fell 1.5%, putting the index on the brink of a bear market, a term that indicates a 20% drop from a previous peak.<\/p>\n

The move lower on Tuesday resumed a selloff that stretches back to Trump’s tariff announcement last week. Since then, the S&P 500 and Nasdaq have each fallen more than 12%.<\/p>\n

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A passerby is reflected on an electronic screen displaying a graph showing recent Japan’s Nikkei share average movements outside a brokerage in Tokyo, Japan, on April 9, 2025.<\/span><\/span><\/span><\/p>\n

Issei Kato\/Reuters<\/span><\/p>\n<\/div>\n<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n

ABC News\u2019 Max Zahn contributed to this report.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Asian stocks plunged again during Wednesday’s trading session after President Donald Trump’s latest batch of sanctions on China came into force, helping wipe off Tuesday’s limited gains and compounding a turbulent week for the world’s key indexes. Trump’s new measures increased the cumulative rate of tariffs on Chinese goods to 104% — a move met […]<\/p>\n","protected":false},"author":1,"featured_media":6516,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-6515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-news"],"_links":{"self":[{"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/posts\/6515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/firearmman.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6515"}],"version-history":[{"count":1,"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/posts\/6515\/revisions"}],"predecessor-version":[{"id":6517,"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/posts\/6515\/revisions\/6517"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/firearmman.com\/index.php?rest_route=\/wp\/v2\/media\/6516"}],"wp:attachment":[{"href":"https:\/\/firearmman.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/firearmman.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/firearmman.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}