China’s 125 percent tariff announcement impact, American stock index futures fall

Trump Tariff: On Friday, China increased the tariff on imports from the US to 125 percent and with this there was a stir in the US stock market. The American stock index futures declined on Friday. In fact, the US is getting faster by imposing 145 percent tariffs on China and now China’s retaliation. Due to this, the risk of economic recession is also increasing. Local time at 04:32 pm, 108 points were slipped and declined by 0.27 percent in Dow Jones. At the same time, the S&P 500 index declined by 14.75 points or 0.28 percent. Similarly, Nasdac dropped 54 points or 0.29 percent.

Constant fluctuations in stock market

On the one hand, US President Donald Trump on Thursday gave relief to all the other countries in the world for 90 days from tariffs, while it has been increased to 145 percent on China. After the announcement of Trump’s tariff, the stock market has been seeing fluctuations for the last few days. Wall Street recorded a decline in the fourth consecutive trading session, although the S&P 500 index on Wednesday witnessed the highest increase in one day since October 2008.

Also read:

‘We will not back down …’ China said openly on America’s tariff, gave a befitting reply to Trump from this video