The New York Stock Exchange begins with a strong decline with the stress of the increasing customs duties of the United States.
When opening, the Dow Jones index depreciated more than 1100 points and decreased by 2.66 % to 41,103.63 points. The S&P 500 index decreased by 3.32 % to 5,482.70 points and the NASDAQ to 16,811.42 points with 4.5 % loss. The shares markets under a negative course at the opening. US President Trump announced yesterday that the United States would apply mutual tariffs to other countries and the basic tax rate would be 10 %. In a White House statement, tariffs will still take effect until the threat is caused by the trade deficit disappearing or reducing. US Finance Secretary Scott Bessent advises countries that are not retaliated mutual tariffs, while revenge will not be higher customs tax, otherwise the price will increase, he said. Trade Minister Howard Lutnick said that there would be no tax exemption for tariffs and it would not be effective for countries to retaliate customs. Analysts say that customs duties in the market may be lower than expected, but the ratio is described higher than the customs priced customs duties in the market. Analysts say that the vast customs tasks for major US trading partners cause adequate fear of the trade war and say that the risk of pulling the global economy into the recession has increased. The interest rate of 10 -yar treasury bonds in the United States decreased to 4.05 % with a decrease of 15 basic points. The dollar index decreased by more than 2 percent to 101.68 and recorded the worst daily reduction of about 2 years. For the first time in the country, the number of unemployment benefits has decreased to 219 thousand per week with March 29 and below the market expectations. The country's foreign trade deficit decreased by 6.1 % in February to 122.7 billion dollars with a decrease of 6.1 %. US exports increased by 2.9 percent monthly in February, and imported horizontally. The decline of stocks of companies with global supply chains and more dependent on import and technology companies. Apple shares have decreased by about 8 % and Nike's shares have decreased by 10 %. Microsoft starts a day with harsh losses, about 3 percent, NVIDIA 5 percent, Amazon and Meta with about 7 percent and Tesla with the alphabet is about 3 percent.