The three major indices fell collectively, and US stocks plummeted again.

On April 11, after a sharp rise on Wednesday, US stocks fell again on Thursday, with all three major indices declining, led by technology giants.

In the three major indices, the S&P 500 index fell by 3.46%, closing at 5268.05 points; the NASDAQ Composite Index plunged by 4.31%, closing at 16387.31 points; the Dow Jones Industrial Average fell by 1014.79 points, down 2.5%, finally closing at 39593.66 points.

Status of the three major indices iFinD Tonghuashun

Among the "seven tech giants," Tesla fell by 7.3%, Meta Platforms dropped nearly 7%, NVIDIA retreated about 6%, and Apple also declined by 4.2%.

Stock price trends of the seven major US stocks iFinD Tonghuashun

Trump's tariff policy has already triggered violent fluctuations in the stock market.

On Thursday, Trump threatened locally that if countries cannot reach agreements with the United States, he will change his approach of deferring tariffs for specific countries by 90 days on an equal basis and restore the tariffs to higher levels. However, when asked whether this meant he would not extend the "90-day deferral period," Trump did not rule out this possibility. He said, "We'll have to see what happens at that time."

Previously, on April 7, news spread that "Trump was considering deferring tariffs for some countries by 90 days," causing US stocks to soar immediately. However, later, the White House refuted the report as "fake news," and Trump personally stated that he had not considered negotiating on the tariff issue, causing US stocks to plunge again.

On April 9, Trump announced that the United States would suspend high "reciprocal tariffs" for dozens of countries for 90 days, but the basic tariff of 10% would remain effective. At the same time, he increased tariffs on Chinese imports. If the tariffs imposed earlier this year are taken into account, the actual tariffs imposed by the United States on China have risen to 145%.

Analysts believe that due to the uncertainty of the US government's tariff policies, there is a danger of the stock market entering a bear market.

Meanwhile, Blinken, who just stepped down from the position of US Secretary of State at the beginning of the year, made his first appearance for an interview. Regarding the tariff storm, he criticized the way Trump's administration acted.

Blinken being interviewed Video screenshot

Regarding Trump's latest "reciprocal tariffs," Blinken said that when he saw Trump holding up a board with reciprocal tax rates in the Rose Garden of the White House, he thought about how those numbers were derived because they obviously could not self-validate.

Blinken criticized that tariff policies should be targeted, cautious, and directly address real issues. Seeing Trump's global tariff grab shocked him - this move was pitting against the entire planet.

Blinken stated that Trump's policies sent isolationist signals to America's allies, making them no longer trust the United States and drift away from it.

For the uncertainty of Trump's tariff policy, China gave a determined counterattack.

According to the announcement by the General Administration of Customs on April 9, starting from 12:01 PM on April 9, an additional 84% tariff will be imposed on all imported goods originating from the United States based on the current applicable tariff rate.

In addition, the Ministry of Commerce also issued an announcement, listing 12 American entities on the export control control list, including six US companies involved in Taiwan arms sales on the unreliable entity list, and announcing additional litigation against the US tariff escalation in the WTO.

At the regular press conference held on April 10, spokesperson He Yongqian of the Ministry of Commerce stated that trade wars have no winners and protectionism has no way out. If the US side insists on its course, China will see it through to the end. We will absolutely not accept the US maximum pressure and hegemonic behavior, and will take firm and strong measures to defend our legitimate rights and interests.

This article is an exclusive article by Observer Network and cannot be reprinted without permission.

Original source: https://www.toutiao.com/article/7491880508066972212/

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