The stock market is trembling for the second consecutive day, as China returns to the Trump tariff

The stock market is preparing for a second consecutive day of sharp declines amid fears for investors in escalating American economic growth and the possibility of a global trade war.

Ninety minutes before the start of trade in New York, the average of the Dow Jones industrial future decreased by about 1500 points, or 3.6 %. The futures contracts slipped on the S&P 500 and the nasdaq compound 3.7 % and 3.9 %, respectively.

These numbers have created financial markets for another calm decline after the shares suffered on Thursday The largest day drops Since 2020, nearly $ 2 trillion has been evaporated of investor wealth, according to FactSet.

Investors are moving to limit their exposure to risky assets after President Trump announced on Wednesday a 10 % baseline tariff All trade partners in the United States and increase fees on dozens of countries that impose higher taxes on American exports.

Economists It is called “Liberation Day”, To reduce economic growth and raise inflation. Most market analysts still put the possibility of recession with less than 50 %, although they warn that the conditions appear to be increasingly fragile.

“The opening opening was very devastating, made and economic miles on the past, and the economic shrinkage that was already going on will now develop into something worse,” Adam Krisiapholi, head of biological knowledge, said in a memorandum of investors.

Foreign markets slipped on Friday. In the overnight trading in Asia, Nikkei 225 Tokyo lost 2.8 %, while South Korea sank 0.9 %. The markets were closed in Shanghai, Taiwan, Hong Kong and Indonesia for holidays, which limits the scope of Fridays on Friday in Asia.

In European trading, DAX in Germany lost 2 %, and France CAC 40 in Paris fell by 1.6 % and FTSE 100 in Britain 1.7 %.

Mr. Trump has warned other countries against revenge against a barrage of drawings on US imports. Ignoring this advice, China said on Friday that it would impose a 34 % tariffs on imports From all American products starting from April 10.

The new customs tariffs are identical to the rate of US tariff announced by Mr. Trump this week, which was called “mutual”, claiming that China has a tariff and other measures in force on American goods that have already reached a 67 % commercial barrier.

“The developments of the customs tariffs will remain the prevailing driver of financial markets in the short term,” John Cannavan, an American analyst in Oxford, said in a report. “The declared definitions of President Trump are exposed to economic growth and add to the risks of high inflation.”

Associated Press

He contributed to this report.