According to the announcement of the new US import duties, there was mainly one direction on the US exchanges: downwards. The US stock futures and technology values in particular crashed. The S&P 500 futures lost three percent and that of the technology-heavy NASDAQ index almost four percent. This indicates severe losses at the opening of the US exchanges on Thursday.
Also the Shares The large technology group broke drastically in post -exchangeable trade. Apple fell 6.1 percent, Microsoft by two percent and Nvidia by 4.7 percent. Amazon gave up five percent, Meta also fell 4.7 percent and Tesla 5.9 percent. For Alphabet it went down three percent, 3.9 percent for Alibaba and 2.8 percent for Netflix.
In Tokyo, the stock exchange opened in the minus. The Nikkei slipped by almost 2.5 percent at the start of the trade.
US Federal Reserve advises on a break for interest cuts
The investors were looking for refuge in gold. The prize for the troy ounce initially increased by $ 3157.23. “The retaliation tariffs are much more aggressive than expected,” said the independent metal dealer Tai Wong. He expected a further significant increase in the precious metal, which is considered a safe harbor in turbulent times.
Due to the expected inflationary effect of the new tariffs, the director of the US Federal Reserve, Adriana Kugler, pleaded for a break during interest reductions. In addition to the effects of the tariffs, the progress of the US Federal Reserve in the fight against inflation has recently slowed down and may even have even stalled. The Fed will again decide on the interest rate on May 7th.
France comes from export burglary in wine and spirits
In Europe, some industries fear dramatic losses through the new tariffs. France’s wine and spirits exporters expect a decline in sales of at least 20 percent, the corresponding industry association said.
The German automotive industry warned of unforeseeable effects. “The consequences of the 25 percent tariffs, which will be raised at least on cars, light commercial vehicles and certain auto parts from April 3, are still difficult to assess,” said President of the German Association of the Automotive Industry (VDA), Hildegard Müller. However, it is already clear that this development will have a negative impact on economic growth worldwide and also costs jobs.
