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Wall Street, Futures Sunday evening Futures remained in fear of President Donald Trump’s tariffs during the period of more stiding loss.
Dow Jones Industry Medium futures, S & P 500 futures or 4%, 4%, 4% collapsed and Half Futures are also reduced by 4%. This is followed by a devastating week that has seen the worst self since the first days of the Covid-19 pandemology.
On Wednesday, Trump, China (34%), the European Union (20%), Japan and Japan (24%) announced a minimum of 5% and higher ratio. Fitch ratings The effective tariff rate is estimated to reach an average of 25% – more than 115 years.
Past Treasury Secretary Larry Summers Carriedly published X writing More market turbulence similar to the work done on Sunday, Thursday and Friday is a very good chance of a good chance.
These sessions represented by the fourth largest drops in the last 85 years. About 6 trillion dollars have been removed on the market cover.
“The droplets of this magnitude, which are likely to be a problem in the front, and people should be very careful,” he wrote.
Meanwhile, market officials tried to facilitate concerns about financial markets and economics.
Director of the National Economic Council Kevin Hassett said ABC News He said that more than 50 countries have reached the white house to negotiate tariffs.
However, the Secretary of Trading Secretary Howard Lutnick said that the tariffs will remain and will not be postponed. Minimum 10% Tariff On boarding Early on Saturday Individual Conducts Will go into place on Wednesday.
“Surely they will remain in the absolute place for days and weeks,” he said CBS.
In response to Trump’s sweep tariffs, Jpmorgan Now he sees a recession, this year’s GDP decreased by 0.3%. However, the Treasury Secretary Scott Bessent said that there is no need to be recession on Sunday and not to react shortly.
“Something I can tell you as the Treasury Secretary, the market infrastructure works very smoothly because we have a record amount on Friday. Nbc.
Bessent also gave There is no sign to the Trump’s back to return from these aggressive tariffs.
On Friday, Federal Reserve President Jerome Powell warned that sweeping tariffs could push the inflation higher, and a cooling expectation to cut an inevitable percentage rate.
The markets will have a Consumer Price Index Report for March, the inflation update will be reported to report inflation before the latest tariffs will be hit.
In addition, the savings season for the results of the first quarter will begin as JPMorgan this week, Wells Fargoand Broncroc Report on Friday.
Comments from the best managers will be under special inspection because the tariffs and their companies affect their companies.
This story was first displayed Fortune.com