Brief by Shorts91 Newsdesk / 01:51pm on 10 Apr 2025,Thursday International
US stock markets opened lower on April 10, a day after Donald Trump paused planned tariff hikes. The S&P 500 dropped 2.1%, Dow Jones fell 1.6%, and the Nasdaq slipped 2.8%. This follows a brief rally after Trump’s announcement of a 90-day pause on new tariffs—excluding China. His 10% universal tariff remains, along with a 25% levy on steel, aluminium, and cars. Meanwhile, tensions with Beijing escalated as Trump imposed 125% tariffs on Chinese goods. In retaliation, China announced 84% tariffs. The EU has temporarily paused its retaliatory measures. Analysts warn of growing volatility in global markets. (PC: Getty Images)
