The NYSE, The largest stock market in monetary volume and the first in number of attached companies, opened this Thursday, April 3 with strong losses, since it was affected by the negative reaction of the markets to the new duty announced by the president of the United States, Donald Trump.
He S&P 500, One of the most important stock market rates in the United States, considered the most representative of the real situation in the international market, fell more than one 3 %like the technological index Nasdaqone of the three most followed indicators throughout the American continent, which sank more from 4 %.
The shaking in the New York Stock Exchange began when Trump revealed the new business policies of the United States: 34 % tariff China as retaliation for “unfair financial measures”; 20 % tariff to European Union (EU), and 10 % base tariff to the other countries of the world, from next Saturday, April 5.
These new measures of the Republican president have revived fears of a new Global Commercial War that unatnot the inflation World and stop the economic growth of dozens of countries, which Recently they had recovered optimism in international markets After the pandemic of COVID-19 In 2021.
Greater drop in the dollar since 2022
In addition to directly affecting the New York Stock Exchange, Donald Trump’s new tariffs harmed the US dollar, which sank at its lowest level in two and a half years, from November 2022; Therefore, the currency operators are preparing for a generalized setback and new falls in the future.
According to the US Financial Advice, Software, Data and stock market, stock market Bloombergthe dollar collapsed to a 1.9 % During the night of last Wednesday, April 2, reaching its greatest fall in more than a decade in front of the eurobecause currently a single euro equals 1,222 dollars.
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“The US dollar has been the great loser of the events last night. People now focus on economic consequences that these tariffs can have in the United States itself, ”he said Sonja MartenChief of currency research and monetary policy of Banco DZ-AB, located in Frankfurt, Germany.
“Currency operators consider that, for now, a deceleration of the American economy is a threat greater than a rebound in the inflation. Surely deeper cuts will come from interest rates on the part of the Federal Reserve to try to boost economic growth, ”said Marten.
The Federal Reserve System is the Central Bank of the United States and constitutes a public-private consortium that controls the organizational structure, in which the Board of governorswhose responsibility is to direct the country’s monetary policy, supervise banking institutions and Maintain the stability of the financial system.
“This is not simple, since it is not only that the growth of the United States will be weak. The Federal Reserve will cut interest rates and sell more dollars. The Central Bank’s response in the next few days will be crucial for the trajectory, ”he added Erik NelsonMacroeconomic strategist of the Wells Fargo Financial Services Company.
In turn, the Global Exchange Strategy Director in Germany, George Saravelosensures that the world is currently in the midst of a change drastic In the panorama of international markets, because, given the nature of these fluctuations, they “worry that the dollar runs the risk of a broader crisis”