The world markets continue to slide after China slaps prices on the United States

By Jiang Junzhe and Matt Ott, Associated Press

Global Markets slipped further and Wall Street was on the right track for another day of overwhelming losses Friday after China responded to the last set of prices from US President Donald Trump with some of theirs.

The term contracts for the S&P 500 dropped by 3.6%before the bell, while the term contracts for the industrial average of Dow Jones lost 3.4%, falling below the 40,000 mark. The term contracts on the NASDAQ fell by 4%.

This follows Thursday’s losses for the three main American indices, which varied between 4% and 6%. Thursday’s Wipeout was the worst day of Wall Street in five years.

Friday, markets in Europe had even more time. At noon, the German Dax had lost 5%, the CAC 40 in Paris slipped 4.2%and the FTSE 100 British granted 3.8%.

Oil prices have dropped to 8%.

China announced early Friday that it would impose a rate of 34% on imports of all American products from April 10, part of a wave of reprisal measures after the list of two -digit prices from Trump’s “Liberation Day”.

The new rate corresponds to the rate of the American “reciprocal” rate of 34% on Chinese exports that Trump has ordered this week.

The United States exports a range of goods to China, including machines, soybeans, corn and aerospace products. The actions of companies which should suffer from Chinese prices include Deere & Co., which fell 4.7% of pre-market; And Boeing, who slipped 6%.

Apple saw its shares decrease by 4.7%.

The Beijing Ministry of Commerce has also said that it would impose more export controls on rare land, which are materials used in high -tech products such as computer flea and electric vehicle batteries.

The Chinese government also subjects 27 additional American companies to commercial sanctions or export controls and has filed a complaint with the World Trade Organization on prices.

Everything, from crude oil to major technological actions to the value of the US dollar against other currencies, it has dropped since Trump’s pricing announcement on Wednesday afternoon. Even gold, a traditional refuge that recently reached record heights, has decreased.

Trump announced a minimum rate of 10% on global imports, the tax rate being much higher on the products of certain countries such as China and those of the European Union. The smaller and poorer countries of Asia have been slapped with rates as high as 49%.

Economists say that prices increase the risk of a potentially toxic mixture of economic growth and higher inflation.

It is “plausible” that prices, which would compete with invisible levels for more than a century, could bring down American economic growth of 2 percentage points this year and increase inflation almost 5%, according to UBS.

Later Friday, the American government offers its report on March jobs.

The yields on Treasurys fell partly on the increase in expectations for future reductions, as well as the general fear of the health of the American economy. The 10 -year -old treasure yield fell to 3.89% against 4.01% Thursday evening and around 4.80% in January. The last time he had fallen below 4%was in October.

US reference crude oil has lost $ 5.32 to $ 61.63 per barrel, its lowest level since mid-201. Brent Crude, the international standard, was down $ 5.26 to $ 64.88 per barrel.

Exxon Mobil’s shares slipped 4.2% and Chevron dropped by 4%.

The Shanghai, Taiwan, Hong Kong and Indonesia markets were closed for a vacation, limiting the range of Friday sales in Asia.

The Nikkei 225 of Tokyo lost 2.8% against 33,780.58, while Kospi in South Korea flowed from 0.9% to 2,465.42.

The two American allies said they focused on negotiating lower prices with Trump administration.

Australia S&P / ASX 200 dropped by 2.4%, closing at 7,667.80.

In other exchanges early Friday, the US dollar fell to 144.89 Japanese yen from 146.06. The yen is often used as a refuge in uncertain times, while Trump policies are partly intended to weaken the dollar to make goods in the United States more competitive abroad. The euro increased to $ 1.1074 compared to $ 1.1055.

Originally published: April 4, 2025 at 5:27 a.m.