Tariff turmoil continues with Trump's 90-day delay, causing market plunge

From Yahoo Finance: 2025-04-10 12:22:00

After a historic rally, markets plummeted as Trump’s tariff delay was not as expected, now at 145% on China instead of 125%. S&P 500 dropped 3.9%, Nasdaq 4.5%, Dow Jones over 1,300 points. Uncertainty looms, with many predicting a potential recession and economic slowdown due to prolonged trade tensions.

Strategists warn of murky outlook for companies as uncertainty remains. Q1 financial reports, starting with JPMorgan, may not provide clarity. Market strategists concerned about upcoming reporting season, unsure of what to expect. Shadow of uncertainty hangs over stocks as investors and businesses await more information on tariffs.



Read more at Yahoo Finance: The tariff turmoil isn’t over despite Trump’s 90-day delay