U.S. stocks expected to open lower due to concerns over global trade wars

From Nasdaq: 2025-04-09 08:51:00

Stocks are expected to open lower on Wednesday following concerns about global trade wars. President Trump’s new tariffs have taken effect, including a 104% levy on Chinese imports. China retaliated by increasing tariffs on U.S. goods to 84%. Despite China urging the U.S. to correct its practices, Treasury Secretary Scott Bessent claims China does not want to negotiate. JPMorgan Chase CEO Jamie Dimon predicts a recession as a likely outcome of tariff turmoil. The major indexes showed a substantial downturn on Tuesday despite early gains. Overseas markets are mixed, with Asian markets down and European markets sharply lower. Oil futures are down, while gold and currency rates are up.



Read more at Nasdaq: U.S. Stocks May Extend Sell-Off As Tariffs Take Effect