{"id":134,"date":"2025-04-10T12:25:34","date_gmt":"2025-04-10T12:25:34","guid":{"rendered":"http:\/\/www.soapandseife.com\/?p=134"},"modified":"2025-04-12T23:26:32","modified_gmt":"2025-04-12T23:26:32","slug":"us-stocks-dive-as-euphoria-on-wall-street-reverts-to-fear-about-us-china-trade-war","status":"publish","type":"post","link":"http:\/\/www.soapandseife.com\/index.php\/2025\/04\/10\/us-stocks-dive-as-euphoria-on-wall-street-reverts-to-fear-about-us-china-trade-war\/","title":{"rendered":"US stocks dive as euphoria on Wall Street reverts to fear about US-China trade war"},"content":{"rendered":"<p><strong>By STAN CHOE, AP Business Writer<\/strong><\/p>\n<p>NEW YORK (AP) \u2014 U.S. stocks dove Thursday and surrendered a chunk of their\u00a0<a href=\"https:\/\/apnews.com\/article\/stocks-markets-tariffs-trump-721a3a5971f1b254981d32f4acb9eb17\">historic gains<\/a>\u00a0from the day before as\u00a0<a href=\"https:\/\/apnews.com\/hub\/donald-trump\">President Donald Trump\u2019s<\/a>\u00a0trade war continues to\u00a0<a href=\"https:\/\/apnews.com\/article\/trump-tariffs-pause-businesses-reaction-a61a1adcaf6332f6188ae1d70664b898\">threaten the economy<\/a>.<\/p>\n<aside class=\"related left\">\n<h2 class=\"widget-title\" data-curated-ids=\"\" data-relation-type=\"automatic-primary-section\">Related Articles<\/h2>\n<ul>\n<li>\n<p>\t\t\t<a class=\"article-title\" href=\"https:\/\/www.denverpost.com\/2025\/04\/12\/rovr-denver-coolers-dicks-sporting-goods\/\" title=\"Denver cooler startup adds showroom, expands into Dick\u2019s Sporting Goods\"><\/p>\n<p>\t\t\t\t<span class=\"dfm-title metered\"><br \/>\n\t\t\tDenver cooler startup adds showroom, expands into Dick\u2019s Sporting Goods\t\t<\/span><\/p>\n<p>\t\t\t<\/a><\/p>\n<\/li>\n<li>\n<p>\t\t\t<a class=\"article-title\" href=\"https:\/\/www.denverpost.com\/2025\/04\/12\/littleton-redevelopment-deal-land-sale\/\" title=\"Littleton redevelopment deal advances with $14M land sale\"><\/p>\n<p>\t\t\t\t<span class=\"dfm-title metered\"><br \/>\n\t\t\tLittleton redevelopment deal advances with $14M land sale\t\t<\/span><\/p>\n<p>\t\t\t<\/a><\/p>\n<\/li>\n<li>\n<p>\t\t\t<a class=\"article-title\" href=\"https:\/\/www.denverpost.com\/2025\/04\/12\/invasion-of-the-home-humanoid-robots-3\/\" title=\"Invasion of the home humanoid robots\"><\/p>\n<p>\t\t\t\t<span class=\"dfm-title metered\"><br \/>\n\t\t\tInvasion of the home humanoid robots\t\t<\/span><\/p>\n<p>\t\t\t<\/a><\/p>\n<\/li>\n<li>\n<p>\t\t\t<a class=\"article-title\" href=\"https:\/\/www.denverpost.com\/2025\/04\/11\/us-bond-market\/\" title=\"Freak sell-off of \u2018safe haven\u2019 US bonds raises fear that confidence in America is fading\"><\/p>\n<p>\t\t\t\t<span class=\"dfm-title metered\"><br \/>\n\t\t\tFreak sell-off of \u2018safe haven\u2019 US bonds raises fear that confidence in America is fading\t\t<\/span><\/p>\n<p>\t\t\t<\/a><\/p>\n<\/li>\n<li>\n<p>\t\t\t<a class=\"article-title\" href=\"https:\/\/www.denverpost.com\/2025\/04\/11\/ireland-privacy-x\/\" title=\"Irish privacy watchdog investigates Elon Musk\u2019s X\u2019s use of personal data to train Grok AI chatbot\"><\/p>\n<p>\t\t\t\t<span class=\"dfm-title metered\"><br \/>\n\t\t\tIrish privacy watchdog investigates Elon Musk\u2019s X\u2019s use of personal data to train Grok AI chatbot\t\t<\/span><\/p>\n<p>\t\t\t<\/a><\/p>\n<\/li>\n<\/ul>\n<\/aside>\n<p>The S&amp;P 500 tumbled 3.5%, slicing into Wednesday\u2019s surge of 9.5% following Trump\u2019s decision to\u00a0<a href=\"https:\/\/apnews.com\/article\/trump-tariffs-stock-market-china-recession-deals-e8e54a68397e6829e1d27552a1d7bfb9\">pause many of his tariffs worldwide<\/a>. The Dow Jones Industrial Average dropped 1,014 points, or 2.5%, and the Nasdaq composite tumbled 4.3%.<\/p>\n<p>\u201cTrump blinks,\u201d UBS strategist Bhanu Baweja wrote in a report about the\u00a0<a href=\"https:\/\/apnews.com\/article\/trump-tariffs-economy-one-week-liberation-day-1aad750dc90829f07473fe17f913b8ba\">president\u2019s decision on tariffs<\/a>, \u201cbut the damage isn\u2019t all undone.\u201d<\/p>\n<p>Trump has focused more on China, raising tariffs on its products to well above 100%. Even if that were to get negotiated down to something like 50%, and even if only 10% tariffs remained on other countries, Baweja said the hit to the U.S. economy could still be large enough to hurt expected growth for upcoming U.S. corporate profits.<\/p>\n<p>The losses for U.S. stocks accelerated Thursday after the White House clarified that the United States will tax Chinese imports at 145%, not the 125% rate that Trump had written about in\u00a0<a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114309144289505174\">his posting on Truth Social Wednesday<\/a>, once other previously announced tariffs were included. The drop for the S&amp;P 500 exceeded 6% at one point.<\/p>\n<p>\u201cEverything is still very volatile, because with Donald Trump, you don\u2019t know what to expect,\u201d said Francis Lun, chief executive of Geo Securities. \u201cThis is really big uncertainty in the market. The threat of recession has not faded.\u201d<\/p>\n<p>China, meanwhile, has\u00a0<a href=\"https:\/\/apnews.com\/article\/china-us-tariffs-negotiations-f5acfd1ef8f3573f92e8963a8150bdfb\">reached out to other countries<\/a>\u00a0around the world in apparent hopes of forming a united front against Trump. The world&#8217;s second-largest economy is also ramping up its own countermeasures to Trump&#8217;s tariffs.<\/p>\n<p>The stock price of Warner Bros. Discovery, the company behind \u201cA Minecraft Movie,\u201d dropped 12.5% for one of Wall Street\u2019s sharpest losses after China said Thursday it will \u201cappropriately reduce the number of imported U.S. films.\u201d The Walt Disney Co.\u2019s stock sank 6.8%<\/p>\n<p>A spokesperson for the China Film Administration said it is \u201cinevitable\u201d that Chinese audiences would find American films less palatable given the \u201cwrong move by the U.S. to wantonly implement tariffs on China.\u201d<\/p>\n<p>That was after Trump and his Treasury secretary, Scott Bessent, sent a clear message to other countries Wednesday after announcing their pause on tariffs for most countries: \u201cDo not retaliate, and you will be rewarded.\u201d<\/p>\n<p>The European Union said Thursday it will put its\u00a0<a href=\"https:\/\/apnews.com\/article\/europe-trump-tariffs-retaliation-trade-eu-vdl-ad6cde9920b6336789b9e2e9935c69fb\">trade retaliation measures on hold<\/a>\u00a0for 90 days and leave room for a negotiated solution.<\/p>\n<p>Thursday\u2019s swings also hit the bond market, which had been showing encouraging signals earlier in the day that stress may be easing.<\/p>\n<p>The bond market has historically played the role of enforcer against politicians and economic policies it deemed imprudent. It helped\u00a0<a href=\"https:\/\/apnews.com\/article\/liz-truss-economy-book-donald-trump-bbd694da6150d6f851af805b462e92fb\">topple the United Kingdom\u2019s Liz Truss<\/a>\u00a0in 2022, for example, whose 49 days made her Britain\u2019s shortest-serving prime minister. James Carville, adviser to former U.S. President Bill Clinton, also famously said he\u2019d like to be reincarnated as the bond market because of how much power it wields.<\/p>\n<p>Earlier this week, big jumps for U.S. Treasury yields had rattled the market, so much that Trump said Wednesday he had been watching how investors were \u201cgetting a little queasy.\u201d<\/p>\n<p>Several reasons could have been behind the sharp, sudden rise in yields. Hedge funds may have sold Treasurys in order to raise cash, and investors outside the United States may be dumping their U.S. government bonds because of the trade war. Regardless of the reasons behind it, higher Treasury yields crank up pressure on the stock market and push rates higher for mortgages and other loans for U.S. households and businesses.<\/p>\n<p>The 10-year Treasury yield had calmed following Trump\u2019s U-turn on tariffs, dropping all the way back to 4.30% shortly after the release of a\u00a0<a href=\"https:\/\/apnews.com\/article\/inflation-economy-tariffs-964784cc5697c2f0df5bb79806392e3c\">better-than-expected report on inflation<\/a>\u00a0Thursday morning. That\u2019s after it had shot up to nearly 4.50% Wednesday morning from just 4.01% at the end of last week.<\/p>\n<p>As Thursday progressed, though, the 10-year Treasury yield climbed once again and reached 4.40%.<\/p>\n<p>It all demonstrates why many on Wall Street are preparing for more swings in markets, after the S&amp;P 500 at one point nearly dropped into a\u00a0<a href=\"https:\/\/apnews.com\/article\/bear-market-stocks-market-tariffs-trump-sp-500-c5d106a80666c0ff4f0e71624d525158\">\u201cbear market\u201d<\/a>\u00a0by\u00a0<a href=\"https:\/\/apnews.com\/article\/stocks-markets-tariffs-china-trump-b686ef0259c2f4894f9fcd1f3649a956\">almost closing 20% below its record<\/a>.<\/p>\n<p>Often, the market\u2019s whipsaw moves have come not just day to day but also\u00a0<a href=\"https:\/\/apnews.com\/article\/stocks-markets-nikkei-tariffs-trump-76d0de278a6cad291ace624a74a6a1b6\">hour to hour<\/a>. The S&amp;P 500 still remains below where it was when Trump announced his sweeping set of tariffs last week on \u201cLiberation Day.\u201d<\/p>\n<p>All told, the S&amp;P 500 fell 188.85 points Thursday to 5,268.05. The Dow Jones Industrial Average dropped 1,014.79 to 39,593.66, and the Nasdaq composite sank 737.66 to 16,387.31.<\/p>\n<p>In stock markets abroad, indexes rallied across Europe and Asia in their first chances to trade following Trump\u2019s pause on many of his tariffs. Japan\u2019s Nikkei 225 surged 9.1%, South Korea\u2019s Kospi leaped 6.6% and Germany\u2019s DAX returned 4.5%.<\/p>\n<p><em>AP writers Yuri Kageyama, Matt Ott and Huizhong Wu contributed.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By STAN CHOE, AP Business Writer NEW YORK (AP) \u2014 U.S. stocks dove Thursday and surrendered a chunk of their\u00a0historic gains\u00a0from the day before as\u00a0President Donald Trump\u2019s\u00a0trade war continues to\u00a0threaten the economy. Related Articles Denver cooler startup adds showroom, expands into Dick\u2019s Sporting Goods Littleton redevelopment deal advances with $14M land sale Invasion of the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/posts\/134"}],"collection":[{"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/comments?post=134"}],"version-history":[{"count":1,"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/posts\/134\/revisions"}],"predecessor-version":[{"id":135,"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/posts\/134\/revisions\/135"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/media\/109"}],"wp:attachment":[{"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/media?parent=134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/categories?post=134"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.soapandseife.com\/index.php\/wp-json\/wp\/v2\/tags?post=134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}