Thu, 10 Apr 2025

Thu, 10 Apr 2025 Trump recognises tariff 'transition problems' as US markets fall again

The White House also confirmed that the tariffs on China would reach 145% due to a pre-existing 20% levy on fentanyl

* Markets continued to fall, with: + S&P 500 losing 3.6% + Dow Jones losing 2.5% + Nasdaq losing 4.31%
* Stocks that fell on Thursday include: + Warner Bros Discovery: 14% + Amazon: 7% + Apple: 7%
* China has increased its retaliatory tariffs to 84% on American products
* The US will impose a tariff of 145% on some Chinese products due to the pre-existing 20% levy on fentanyl production
* Trump says there will "always be transition problems" but is still hopeful for a deal with China
* The European Union has paused its countermeasures against the US, giving negotiations a chance.
  >>