Wall Street indexes drop sharply due to escalating tariffs, creating uncertainty for investors

From Yahoo Finance: 2025-04-10 12:40:00

Wall Street’s main indexes plummeted on Thursday due to concerns over high tariffs impacting the global economy. This came after a brief rise from President Trump’s tariff adjustments, which included a temporary reduction and subsequent increase to 125% on Chinese imports. The S&P 500 and Nasdaq both saw significant drops following the tariff changes.

Market experts expressed worry about the escalating trade war, with the tariffs on China now totaling 145%. The uncertainty surrounding negotiations and potential outcomes of the trade war led to the market downturn. Investors are cautious due to the lack of clarity on the future and the possibility of further escalations in the trade disputes.

The ongoing trade war has created a sense of uncertainty among investors, leading to a sell-off in the market. Many are unsure of what will happen next, especially with the 90-day pause on tariffs and the potential for negotiations. This uncertainty is driving many to opt for a cautious approach and wait for a clearer picture before re-entering the market.



Read more at Yahoo Finance: Wall Street turns sharply lower as markets’ tariff chaos continues