World leaders plan the next steps after the new prices of Trump – DW – 04/03/2025

The main indexes of Wall Street plunged Thursday, while President Donald Trump’s new prices raised fears of a trade war and a cost peak in a wide range of industries.

Shortly after the opening bell, the industrial average of Dow Jones dropped by 2.66%, the S&P 500 lost 3.32%and the NASDAQ composite in charge of technology dropped by 4.50%.

Apple’s shares have dropped by 8%, because more than 90% of its manufacture is based in China, one of the countries has reached the most harshly by prices. PC Makers Dell and HP shares have dropped by 10% and 8%, respectively. Microsoft fell 2.1% and Alphabet, the owner of Google, lost 3.2%.

The equity prices of car manufacturers also dropped, with Ford and General Motors down 1.4% and 2.1%, respectively. The manufacturers of electric vehicles Rivian and Lucid dropped by 3.2%and 4.8%, respectively, while Tesla dropped by 3.5%.

The main American retailers such as Walmart, Amazon and Target, which depend on several Asian countries, including China as key suppliers, dropped between 3% and 7%.

The sportswear retailer, Lululemon, dropped by 10.1%, Nike by 10.9%and Gap by 15%, as their key supply partners were affected by high prices.

The main lenders of Wall Street, including Jpmorgan Chase & Co, Citigroup and Bank of America Corp, which are sensitive to economic risks, were between 5.3% and 8%.

The oil has not been spared the wreckage. The American reference crude lost $ 3.36, or 4.7%, at $ 68.35 per barrel. Brent crude, the international standard, granted $ 3.29, or 4.4%, to $ 71.66 per barrel.

Meanwhile, Gold, an asset of refuge in times of uncertainty, reached a new summit of $ 3,167.84 per ounce.

The markets also plunge in Europe and Asia

In Europe, the markets were also highly lower at noon, but not as bad as in the United States. Germany Dax fell 2.4%, CAC 40 in Paris lost 2.7%and FTSE 100 in the United Kingdom lost 1.5%. The euro increased to $ 1,1080 compared to $ 1,0855.

In Asian trade, Tokyo’s Nikkei 225 index briefly broke 4%, car manufacturers and banks taking big strokes. It closed 2.8% to 34,735.93. The Japanese yen won, the US dollar falling to 146.64 yen from 149.28 yen.

In South Korea, which was affected by a price of 25%, the Kospi benchmark dropped 1.1% to 2,486.70.

The Bangkok set lost 1.1% after Thailand was assigned 36% of exports to the United States.

In Australia, the S&P / ASX 200 dropped 0.9% to 7,859.70.