By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Trump tariffs live: Wall Street braced for heavy losses as dollar slumps on Trump tariffs
News

Trump tariffs live: Wall Street braced for heavy losses as dollar slumps on Trump tariffs

News Room
Last updated: 2025/04/03 at 7:52 AM
By News Room
Share
2 Min Read
SHARE

Global stocks fell and government bonds rallied on Thursday after Donald Trump’s sweeping new tariffs left the world on the brink of a full-blown trade war.

The benchmark Stoxx Europe 600 index was down 1.8 per cent by late morning, after a steeper fall at the open, as investors flocked to haven assets including Treasuries and German Bunds. Futures tracking the S&P 500 and the Nasdaq were down 3.4 per cent and 3.8 per cent, respectively.

The dollar was down 2.1 per cent against a basket of its peers as investors fretted about the impact on the US economy and priced for more Federal Reserve rate cuts.

Trump’s aggressive trade policy, which he has put at the heart of this second term in the White House, had already hit stocks in the first quarter, but investors said the new set of tariffs announced on Wednesday were steeper than feared.

“It’s worse than expected, there’s no sugar coating it,” said Zhikai Chen, head of global emerging market equities at BNP Paribas Asset Management.

Trump said a levy of 10 per cent would apply to nearly all US imports from April 5, and that dozens of countries, including China, would be subject to further “reciprocal” tariffs from April 9.

In a sign of investors’ concern over the potential damage to the US economy from tariffs, traders began betting on the chance of a fourth quarter-point interest rate cut this year from the Federal Reserve, according to levels implied by swaps markets. Until Wednesday, investors had priced in three cuts.

Read the full article here

News Room April 3, 2025 April 3, 2025
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
US Steel workers see hope of job security in deal with Japan’s Nippon

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

‘No timewasters please’: is setting boundaries necessary or plain rude?

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Poland votes in tight presidential election

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Kelly Ortberg: Boeing should not be an ‘unintended consequence’ of trade war

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Donald Trump’s steel tariffs prompt anger and warnings of ‘catastrophic’ job cuts in Canada

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

- Advertisement -
Ad imageAd image

You Might Also Like

News

US Steel workers see hope of job security in deal with Japan’s Nippon

By News Room
News

‘No timewasters please’: is setting boundaries necessary or plain rude?

By News Room
News

Poland votes in tight presidential election

By News Room
News

Kelly Ortberg: Boeing should not be an ‘unintended consequence’ of trade war

By News Room
News

Donald Trump’s steel tariffs prompt anger and warnings of ‘catastrophic’ job cuts in Canada

By News Room
News

Military briefing: How Iran is preparing for Israeli or US strikes

By News Room
News

Is private equity becoming a money trap?

By News Room
News

Iran has increased enriched uranium by 50%, says UN watchdog

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?