The US stock market rebounded for a period after Trump announced the deferral of tariffs on some countries, and on April 10, US stocks fell again. CNBC reported that White House trade advisor Navarro said: "It's no big deal."
The three major indexes of the New York Stock Market fell significantly on the 10th. By the closing time, the Dow Jones Industrial Average fell 1014.79 points from the previous trading day, closing at 39593.66 points, with a decline of 2.50%; the S&P 500 index fell 188.85 points, closing at 5268.05 points, with a decline of 3.46%; the Nasdaq Composite Index fell 737.66 points, closing at 16387.31 points, with a decline of 4.31%.
After the stock market crash, some people believed that Trump's arbitrary tariff policy might have a lasting impact on the global financial system, but Navarro dismissed this view with a smile.
"I think this is just baseless talk," Navarro said in an interview with CNN after the closing bell. "Yesterday was the largest single-day gain in the history of the US stock market. Of course there will be some pullbacks. The question is: how do you interpret it?"
"This is just a normal correction after a big trading day. It's no big deal," Navarro said.
The New York Times pointed out that the performance of US stocks on the 10th continued the chaotic trading environment and sharp declines since Trump initiated the tariff war. James Rossiter, global macro strategist at TD Securities, wrote in a report: "Despite good news, policy uncertainty remains high and will weigh on the US economy. Companies will struggle to make plans."
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Source: https://www.toutiao.com/article/7491869167725838886/
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