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Volatility reigns on Wall Street, as E.U. approves new duties against U.S. imports
Posted
April 9, 2025
Views
56,596
Likes
1,497
Comments
85
Engagement
2.80%
April 9, 2025
56,596
1,497
85
2.80%
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2:36Now PlayingPresident Donald Trump’s tariffs wreaked havoc on global markets Wednesday, causing U.S. government borrowing costs to surge while stocks saw choppy trading even as China ratcheted up retaliatory tariffs.
The major U.S. stock indexes swung back and forth after the opening bell, reaching positive territory as of about 10 a.m. ET.
Meanwhile, European Union officials have approved imposing a fresh set of retaliatory duties on U.S. imports.
The duties, which would come into effect April 15, would range from 10% to 25% on more than $24 billion worth of U.S. goods, including tobacco, motorcycles, poultry, steel and aluminum.
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