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The trader works during the closure of the bell on the floor of the New York Stock Exchange on April 10, 2025.
Jeenah Moon | Reuters
Remember when inflation testimony was the title news and investors were so feverish as Nvidia Renelsing reports? CNBC Daily Open Remember. If a report on the consumer price index on Thursday, which showed that the prices are actually immersed in the month, and the main inflation, which has fallen to the lowest since 2021, was released before the tariff chaos was unleashed by US President Donald Trump, actions would probably be exacerbated.
Instead, the US stock market fell on Thursday, as the rally to assist the previous day quickly lost the couples. The feelings of investors were weighed even more by the White House confirmation that it imposed a 145% tariff from China – 20% higher than previously thought. Basically, this closes all the trade between the two countries, according to Erika York, the Vice President on the Federal Tax Tax Fund for Tax Policy.
For the sake of justice, the March of Consumer Price Index does not take into account the price changes as a result of tariff policy. If companies have to pay more than twice as goods from China, it is difficult to imagine them – even one with pockets like Apple – absorbing the increase in value. The inflation report in April can be provided as big as any tariff news.
Short -term promotion action
American shares fell on ThursdayRefusing the profit from the previous day’s historical stock, the loss is accelerated after the White House confirmed CNBC on Thursday that this The tariff rate in China would actually make up 145%. A S&P 500 decreased by 3.46% Dow Jones Industrial Medium decreased by 2.5%and Nasdaq Composite fell by 4.31%. Asked about his reaction to today’s market sales, US President Donald Trump said, ‘I haven’t seen it“While Trump’s Chief Advisor Peter Navaro said CNN that” restoration “is” nothing wrong “.
Recession in order, depression – no
Trump privately said he knew that his wide and steep meeting plan presented last week could translate the economy into recession but He did not want depressionaccording to The Wall Street JournalReferring to people familiar with the conversations. Economists are considered depression when the recession becomes more serious and entails greater unemployment and a longer decline.
Inflation with the smallest core over the years
The US Consumer Price Index fell as early as 0.1% in March, putting 12-month inflation level by 2.4%, decreased with 2.8% in February. The main inflation, which excludes food and energy, increased by 0.1% per month and 2.8% per year. It was the lowest annual rate for basic inflation since March 2021. Wall -Rate sought inflation of 2.6% and the core 3%, reports Dow Jones Consesus.
China is unlikely to depreciate yuan
Chinese offshore Yuan weakened up to a record minimum 7,4287 against the US dollar earlier this week after the People’s Bank of China set its average level at the weakest level since 2023. However China will not be able to do possess a weaker yuan as a weapon In their deepening of the trade war with the US because of the concern that such a step can cause the financial market instability, most market observers interviewed by CNBC.
Mixed day in Asia for assets
Asia-Pacific markets were ambiguous on Friday. Japan Nikkei 225 Lost about 3.4%and Kospi South Korea fell by 0.7%but Hong Kong Hang the Index It rose to more than 1.8%, and CSI 300 mainland China added approximately 0.5%. Price Gold futures Click on a fresh maximum of $ 3226 per ounce during Asian hours. Bitcoin Prices increased by 1.8% to $ 80 951.20, disassembling some losses overnight.
(Pro) Effect tariffs on China on apple
Trump may have stopped tariffs for most US trading partners, but went through China to a staggering 145%. Applethat relies on China for According to estimates, 80% of production capacityHe saw his actions that were knocked down this week. Analysts are divided into what Apple’s strategy may look like In the future.
Machines and vehicles ready for shipment to the Porto’s Eastern Branch in China, September 27, 2024.
Costfoto | Nurphoto | Gets the image
As China’s exporters are struggling to mitigate the impact of US tariffs
The US has raised tariffs for Chinese imports on triple figures. For exporters in China, this means increasing the prices of Americans, accelerating plans for diversification of operations – and, in some cases, completely stop supplies.
In June, US consumers may lose access to certain products as some US companies stopped their plans to import textiles from China, said Ryan Zhao, Textile Jiangsu Green Willow.
Tony Post, CEO of the company based on the US company operating on the USA, Topo Athletic, said he plans more to work with suppliers based in Vietnam in addition to China’s existing suppliers. “I eventually have to raise prices, and I do not know exactly what the impact will have on our business,” the post said. Before Trump started with tariffs, this year Post predicted nearly $ 100 million – first of all with the US