April 10, 2025
Article from Yahoo Finance by Brett LoGuirato, Karen Friar and Ines Ferré
Article Synopsis
U.S. stocks plunged Thursday, reversing the previous day’s major rally, as fears grew over President Trump’s escalating trade war with China. The S&P 500 fell nearly 3.5%, the Nasdaq dropped 4.3%, and the Dow lost about 1,000 points. The sell-off intensified after the White House revealed total tariffs on Chinese goods had risen to 145%, higher than previously reported.
Despite Trump pausing tariffs on other trading partners, concerns remain about economic fallout from the ongoing U.S.-China conflict. Meanwhile, inflation data showed easing price pressures, with consumer prices rising 2.5% annually and falling 0.1% monthly, better than expected.
