Moreover,
Worried about customs tariffs aimed:
The New York Stock Exchange is decreasing on Friday. For example, no longer managing to ignore commercial uncertainties after the new customs duties announced by Donald Trump against Canada.
• Read also: 35% Trump prices: “We are working for the revised deadline of August 1. Nevertheless, ” says Mark Carney
• Read also: Rates of 35% from August 1 for Canada
Around 1:55 pm GMT, the Dow Jones fell 0.68%, the NASDAQ index by 0.26%and the enlarged S&P 500 index lost 0.49%.
“It was a week when. Consequently, to a large extent, the market was able to ignore increasing rhetoric around customs duties,” comments with AFP Art Hogan, by B. Furthermore, Riley Wealth Management.
The Nasdaq and the S&P 500 have both made several records at the end in recent days.
But. “he no longer has the ability to worried about customs tariffs aimed do so” after having “reached the threshold of customs pain last night with the announcement concerning Canada”, judges the analyst.
President Donald Trump again targeted Ottawa on Thursday. imposing 35% surcharge, one of the highest rates announced since the start of the week, accusing the first trading partner in the United States of having retaliated with his customs duties.
As with each letter sent to more than twenty countries since Monday. the American president said that these customs duties will be added to those aimed at specific activity sectors, such as steel, aluminum or automobile, which are among the main Canadian exports to the United States.
If this news “has slowed down the market a little more than the previous ones”. it is because it “concerns one of the largest trade partners in the United States”, underlines Patrick O’Hare, of Briefing.com.
According to the US trade department. Canadian goods were worried about customs tariffs aimed second-imported products in the United States in 2023, behind those in Mexico in second place. And Canada was the first outlet for exported American products.
The decline in the American square remains contained. because “the market continues to consider all this as a lever for negotiation”, adds the analyst.
On the other hand. “if these higher customs duties are maintained after August 1, the market could move on to a more significant mode of recalibration with regard to growth prospects”, anticipates Mr. O’Hare.
On the bond market, the yield of the American loan at ten years was clearly tied at 4.40%, against 4.35% the day before at the end.
On the table of values, the manufacturer of Levi Strauss jeans (+8.56% at $ 21.42) benefited from quarterly results above expectations, including a net profit per share of 22 cents where analysts were tabling on 13 cents. The company also noted worried about customs tariffs aimed its forecasts for the year.
The Strategy company (+2.02% to 430.28 dollars) larger private Bitcoins holder, took advantage of the record level of the most capitalized of cryptocurrencies.
Worried about customs tariffs aimed
Further reading: World junior hockey championship | Dale and Mark Hunter will direct team Canada – Bordeaux prison | A unit chief accused of manslaughter by an inmate – Fraud at the expense of Hydro-Québec | On the trace of gold lights – The Parti Québécois is launching its campaign in Arthabaska – Mexico on the plate, Quebec in the heart.
