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US-China Tariff War: China attacked America in such a way that there was chaos in the American market
US-China Tariff War - China attacked America in such a way that there was chaos in the American market
| Updated on: 04-Apr-2025 09:31 PM IST
US-China Tariff War: The world's two largest economies, the United States and China, are once again at odds. The U.S. first imposed a 34% tariff on China, to which China immediately retaliated by imposing an equivalent tariff on the U.S. This economic conflict is clearly impacting global markets, especially the U.S. stock market.

Sharp Decline in the U.S. Stock Market

The trade war has led to a significant drop in the U.S. stock market. During the early trading session:

  • Dow Jones was down by approximately 3%.

  • Nasdaq Composite recorded a 3.25% decline.

  • S&P 500 was also trading 3% lower.

The previous trading session had already seen a decline in U.S. markets as investors expressed concerns over recession and inflation due to the tariff decisions made by the Trump administration. This downturn resulted in a loss of over $2 trillion in market capitalization for the S&P 500.

Major Index Performance

Dow Jones

At 9:55 AM (U.S. time):

  • Dow Jones fell 1,113.64 points (-2.75%) to 39,432.29.

  • During the session, it hit a low of 39,287.17.

Nasdaq Composite

At 9:55 AM:

  • Dropped 537.79 points (-3.25%) to 16,012.81.

  • Reached a low of 15,918.25 during the session.

S&P 500

  • Declined 151.61 points (-2.81%) to 5,244.91.

  • Fell as low as 5,208.55 during the day.

Decline in Major Company Stocks

  • Tesla: Down by 7%.

  • Apple: Declined by more than 3%.

  • Meta (Facebook’s parent company): Dropped by 4%.

  • Amazon: Fell by 2.33%.

  • Nvidia: Lost over 5%.

  • Oracle: Declined by more than 5%.

  • Adidas: Fell by more than 4%.

  • Nike: Dropped by more than 3.50%.

Consequences and Future Outlook

The escalating trade war between the U.S. and China has created instability in global markets. Investors are increasingly concerned that if this conflict continues for an extended period, the risk of a recession could rise further. In the coming days, the market’s direction will largely depend on the policies adopted by both nations.