This website collects cookies to deliver better user experience, you agree to the Privacy Policy.
Accept
Sign In
The Texas Reporter
  • Home
  • Trending
  • Texas
  • World
  • Politics
  • Opinion
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Books
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Tech-heavy Nasdaq sinks 4.3% Thursday after Trump imposes 145% tariffs on Chinese language imports
Share
The Texas ReporterThe Texas Reporter
Font ResizerAa
Search
  • Home
  • Trending
  • Texas
  • World
  • Politics
  • Opinion
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Books
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© The Texas Reporter. All Rights Reserved.
Business

Tech-heavy Nasdaq sinks 4.3% Thursday after Trump imposes 145% tariffs on Chinese language imports

Editorial Board
Editorial Board Published April 10, 2025
Share
Tech-heavy Nasdaq sinks 4.3% Thursday after Trump imposes 145% tariffs on Chinese language imports
SHARE
Tech-heavy Nasdaq sinks 4.3% Thursday after Trump imposes 145% tariffs on Chinese language imports
  • After a day of record-highs, shares broke right into a selloff on Wednesday after President Donald Trump corrected the whole tariff charge imposed on China to 145%. Indexes fell throughout the board and the greenback noticed its worst slip since 2022. Anticipation builds for Friday, as Wells Fargo, JPMorgan, and Morgan Stanley launch their quarterly earnings. 

Shares resumed their decline Thursday, conceding floor made up on Wednesday after President Donald Trump introduced a 90-day pause on among the “Liberation Day” tariffs. 

S&P 500 slipped 3.46%, closing at 5,268.05, whereas the Dow Jones Industrial Common offered off 2.5% and closed at 39.593.66. The tech-heavy Nasdaq fell 4.31% settling at 16,387.31. 

Tech giants suffered notable declines — Tesla and Apple fell 7.3% and 4.2%, respectively. In the meantime Meta Platforms misplaced nearly 7% and Nvidia pulled again shut to six%. 

Regardless of placing some “reciprocal” tariffs on ice Thursday, Trump introduced that the whole tariff charge imposed on China rose to 145% in comparison with what was considered 125% tariff. 

Later, Trump stated that he wouldn’t rule out extending his tariff pause previous 90 days. 

“We’ll have to see what happens at that time,” Trump stated throughout a Cupboard assembly. 

Moreover, the U.S. greenback noticed its worst day since 2022, falling 1.46%, whereas gold costs climbed 3% to an all-time excessive Thursday, as traders search security amid the frosty U.S.-China commerce posturing.

“Investors have sobered up,” SimCorp managing director of utilized analysis Melissa Brown informed CNBC. “Uncertainty is a big issue because the 145% rate could be a different number tomorrow.”

“It’s very hard to call a bottom or a top because things have changed so much in the narrative and investor perceptions.”

The decline follows Wednesday’s rally, the place the S&P 500 soared greater than 9%, the third-largest single-day achieve since World Struggle II. The Nasdaq noticed its second-best day ever and the biggest advance since January 2001, whereas the Dow recorded its largest proportion achieve since March 2020. 
Moreover, JPMorgan, Wells Fargo, and Morgan Stanley are slated to report their first quarter outcomes Friday. Commentary from prime executives in regards to the tariffs and their forecasts for a way they are going to have an effect on their corporations will probably be underneath particular scrutiny as banks inventory costs have tanked with the market.

This story was initially featured on Fortune.com

TAGGED:ChineseimportsimposesNASDAQsinkstariffsTechHeavyThursdayTrump
Share This Article
Twitter Email Copy Link Print
Previous Article Kylie Jenner Livid About Graphic Timothee Chalamet-Gwyneth Paltrow Intercourse Scenes: Report Kylie Jenner Livid About Graphic Timothee Chalamet-Gwyneth Paltrow Intercourse Scenes: Report
Next Article One other Trump Cupboard choose withdraws—and the explanation may shock you One other Trump Cupboard choose withdraws—and the explanation may shock you

Editor's Pick

Sizzling Lady Summer time Begins within the Bathe—Right here’s Learn how to Prep Your Pores and skin

Sizzling Lady Summer time Begins within the Bathe—Right here’s Learn how to Prep Your Pores and skin

We might obtain a portion of gross sales if you buy a product by a hyperlink on this article. Most…

By Editorial Board 8 Min Read
Alpine’s Sizzling Hatch EV Has a Constructed-In, ‘Gran Turismo’ Model Driving Teacher

One other win over its Renault 5 sibling is a multi-link rear…

3 Min Read
Louis Vuitton Is Dropping a New Perfume As a result of It’s Sizzling | FashionBeans

We independently consider all beneficial services and products. Any services or products…

2 Min Read

Latest

“A Family’s Fight to Reclaim Their Legacy”

“A Family’s Fight to Reclaim Their Legacy”

Introduction: For generations, the Wright family has worked and lived…

July 9, 2025

AR Global Inc CEO Kason Roberts Donates to Support Kerrville Storm Victims, Mobilizes Team for Restoration Efforts

Kerrville, Texas — In the aftermath…

July 9, 2025

Bitcoin Tops $109,000 After Senate Passes Trump’s ‘Big Beautiful Bill’ – “The Defiant”

The crypto market posted modest good…

July 9, 2025

Two vital hazard alerts within the June employment report – Indignant Bear

Two vital hazard alerts within the…

July 9, 2025

Simone Biles Thirst Traps in Bikini Amidst Boob Job Hypothesis

Studying Time: 3 minutes Simone Biles…

July 9, 2025

You Might Also Like

Chime’s sticky person base makes it a winner for traders, analyst says
Business

Chime’s sticky person base makes it a winner for traders, analyst says

It’s been lower than a month since Chime Monetary went public, however the neobank is successful over analysts who're already…

6 Min Read
This yr’s Amazon’s Prime Day is essentially the most unpredictable ever due to tariffs and AI
Business

This yr’s Amazon’s Prime Day is essentially the most unpredictable ever due to tariffs and AI

For those who look again 10 years to the primary and authentic Amazon Prime Day gross sales occasion, you may…

5 Min Read
Macron says France and the UK will ‘save Europe’ regardless that Brexit was all about Britain leaving the EU
Business

Macron says France and the UK will ‘save Europe’ regardless that Brexit was all about Britain leaving the EU

French President Emmanuel Macron on Tuesday urged Britain to stay near its neighbors regardless of its exit from the European Union, saying…

8 Min Read
Trump doubles down on Aug. 1 tariff deadline as shares proceed to dip
Business

Trump doubles down on Aug. 1 tariff deadline as shares proceed to dip

Markets prolonged their downward slide on Tuesday as buyers remained cautious concerning the looming tariff deadline, with the S&P 500…

4 Min Read
The Texas Reporter

About Us

Welcome to The Texas Reporter, a newspaper based in Houston, Texas that covers a wide range of topics for our readers. At The Texas Reporter, we are dedicated to providing our readers with the latest news and information from around the world, with a focus on issues that are important to the people of Texas.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© The Texas Reporter. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?