Trade War .. Dow Jones Index of American stocks loses 1,300 points

The stock markets in the world continued their sharp decline for the second consecutive day after US President Donald Trump announced last Wednesday to impose comprehensive fees on American imports from most countries of the world.
The American job market data that was issued today did not succeed, and it was much better than expectations to stop the decline in financial markets.

American stocks

The S&P 500 index fell by 3.8% in trading this morning, after yesterday recorded its worst daily performance since the Fire of the Corona virus in 2020.
The standard industrial fell by 1349 points, or 3.3% by eleven and a half o’clock in the eastern coast of the United States. The Nasdaq Synod index also decreased by 3.8%. So far, only a few, if any, have benefited from the market.

European stocks

European stocks witnessed some of their largest losses during the day, as their indicators decreased by 4%. The price of crude oil has decreased to its lowest level since 2021.
The prices of some other basic elements of economic growth, such as copper, have also witnessed a sharp decrease, amid fears that the trade war will weaken the entire global economy. China’s response to American customs duties accelerated losses in global markets.

American drawings

The Chinese Ministry of Commerce announced its intention to impose 34% fees on American products as of April 10 in response to American fees. The United States and China have the two largest economies in the world.
The markets have regained some of their losses for a short period after the issuance of the American job report on Friday morning, which indicated that employers have speeded the pace of employment during the past month with more than what analysts expected.

Financial markets

This is the latest indication that the American labor market remained relatively strong until the beginning of 2025, and it was an essential pillar in the survival of the American economy from the recession. But job data indicates the situation in the past, while the fear that hurts on the financial markets relates to the expected repercussions of the fees that Trump decided to impose on almost all American imports.
The largest losses in Wall Street in the early hours of today’s trading were companies that have great business with China, as the Dubont Chemical Group shares decreased by 11.3% after China announced the launch of a monopoly against the Dubont China company of the American Chemical Group.
GI Health Care for Medical Devices fell by 13.3% after announcing its revenues from China last year by 12.3%.