Wall Street sees the worst day since 2020 as the markets from the Trump -Wataniya tariff

Wall Street, and a level of unseen shock since Kovid erupted in financial markets all over the world on Thursday for concerns about the US President’s harm Donald Trump The latest collection of Definitions It can do economies across continents, including his property.

S&P 500 sank 4.8 %, more than the main markets throughout Asia and Europe, for the worst day since the epidemic in the economy was disrupted in 2020. Dow Jones industrial average decreased 1679 points, or 4 %, and Nasdaq fell by 6 %.

In Canada, the S&P/TSX index closed 971 points, or 3.8 %, where the markets are concerned that the last round of American definitions can sink the global economy in the recession. Canadian clothing brands, including Aretzia and Lollimon, were among the companies that witnessed the slide of stock prices.

In stock markets abroad, indexes decreased sharply all over the world. CAC 40 France fell 3.3 %, and DAX lost 3 % in Europe.

Japanese Nikkei 225 drowned 2.8 %, Hing Kong Hang Singh, lost 1.5 %, and South Korea fell 0.8 %.

Little spared little in the financial markets, where fear erupted around the toxic mixture that is likely to be of weak economic growth and high inflation that the definitions could create.

Everything from crude oil to large technology shares to the value of the US dollar against other currencies has decreased. Even gold, which recorded the records recently as investors sought to get something safer to possess, decreased. Some of the worst smaller American companies, and the Russell 2000 index of smaller stocks decreased by 6.6 % to withdraw more than 20 % less than their record.

Investors all over the world have known that Trump would announce a set of definitions late on Wednesday, and the fears surrounding it have already pulled the Wall Street health scale, the S&P 500 index, 10 % less than its highest level ever. But Trump is still able to surprise them with “the worst scenario of definitions,” according to Marie Ann Bartls, the chief investment official in Sanctuary Wealth.

Trump has announced the minimum customs tariffs by 10 % on imports, with a rate of product tax rate from some countries such as China and those from the European Union. It is “reasonable” completely customary tariffs, which would compete in almost invisible levels in almost a century, can destroy American economic growth by 2 points this year and increase inflation by approximately 5 %, according to UBS.

Such a strike will be so great that “makes the rational mind of the individual consider the possibility of adhering to the depression,” according to Bhanu Baweja and other UBS strategies.

Wall Street has long assumed that Trump would only use definitions as a tool for negotiations with other countries, not as a long -term policy. But Wednesday’s advertisement may indicate that Trump believes that the customs tariff helps to solve an ideological goal more than a opening bet in the poker. Trump on Wednesday talked about wrestling manufacturing functions to the United States, a process that may take years.

If Trump continues the customs tariff, stock prices may need a decrease in more than 10 % of its highest level ever in order to reversed the recession that can be followed, along with the song that American companies can achieve. S&P 500 has now decreased by 11.8 % of its record in February.

“The markets may actually be interactive, especially if these prices are final, given the potential impacts of global consumption and trade,” said Sean Sun, director of the portfoller at Thornburg Investment Management, although he sees Trump’s advertisement on Wednesday.

Trump offered an optimistic reaction after he was asked about the market decrease as he left the White Air House to his club in Florida on Thursday.

Going now

• American companies say that the Canadian retailers are away from the products

• Ford says that the closed Ontario Stelliantes factory should get “running” soon

He said, “I think it’s going well.” “We have a process, such as when the patient is turned on, which is big. I said this will be exactly what it is.”

One of the land cards is that the federal reserve can reduce interest rates to support the economy. This is what he was doing late last year before stopping in 2025. It helps to decrease interest rates by facilitating borrowing and spending on American companies and spending.

Treasury returns partially fell to increasing expectations for price discounts, as well as the public fear of the health of the American economy. The return on the cabinet decreased for 10 years to 4.04 % from 4.20 % late on Wednesday and about 4.80 % in January. This is a big step for the bond market.

The Federal Reserve may have less freedom to move than it wants. While declining rates can be an economist, they can also press inflation. Fears are already exacerbated by the definitions, as American families in particular prepare for sharp increases for their bills.

The American economy is still growing, of course. A report on Thursday said that fewer American workers applied for unemployment benefits last week. The economist expected to see an increase in unemployment, and the relatively strong labor market was Linchpin to keep the economy out of recession.

A separate report said that the activity of American transportation, financing and other companies in the service industry had grown last month. But growth was weaker than expected, and companies gave a mixed picture of how to see conditions.

Fears of the economy, which is likely to be the recession and a large enlargement, has dropped all types of shares, which led to declines of four out of five in five, form the S&P 500 index.

Best Buy has decreased by 17.8 % because the electronics it sells is made all over the world. United Airlines lost 15.6 % because customers who are concerned about the global economy may not fly much to work or feel enough comfort to take leave. The target fell by 10.9 % amid fears that its customers, who have already been pressured with highly high inflation, may be under greater pressure.

Finally, the S& P 500 274.45 points decreased to 5,396.52 Dow Jones Industrial MEVERUGY fell 1,679.39 to 40,545.93, and the NASDAQ boat decreased from 1,050.44 to 16550.61.

– With files from Global News’ Ari Rabinovitch, Sean Boynton, and Canadian Press