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● Nasdaq Plunges 5% – Trump’s Tariff Storm

Economic Situation Analysis: Trump’s Tariff Hikes and Global Economic Crisis Forecast

1. Current Market Situation

Today, the Nasdaq index fell by 5.17%.
Major stock indices such as the Dow Jones and S&P 500 also fell sharply.
Market sentiment and reactions similar to past crises like COVID-19 and Deep Sea have emerged.

2. Trump’s Tariff Policy and Trade War

Trump announced both basic tariffs and reciprocal tariffs simultaneously.
The basic tariff will be 10% for all countries, effective from April 5th.
Reciprocal tariffs will be applied to specific countries (South Korea 25%, China 34%, Japan 24%, etc.) and will be implemented from April 9th.
Trump calculates his own tariff rates based on the U.S. trade deficit and the tariff rates of the counterpart countries, using a formula that halves the calculated rate.
As additional tariffs are added to already applied tariffs, concerns about the burden on companies and rising consumer prices are growing.

3. Major Economic Indicators and Market Reactions

The U.S. Services Purchasing Managers Index (ISM Non-Manufacturing PMI) was announced lower than expected at 50.8.
According to the Challenger Report, corporate layoff plans are at levels similar to those during COVID-19.
Concerns about an economic recession are increasing due to the decline in 10-year Treasury yields and the outlook for future interest rate cuts.
Market participants are predicting up to four interest rate cuts by the end of this year.

4. Impact on Global Companies and Industries

Major companies dependent on overseas production such as Nike, Apple, and Nvidia are significantly affected by tariff burdens.
Some companies, such as General Motors, have already reflected the impact of tariffs and have seen relatively smaller declines.
Essential consumer goods companies (Coca-Cola, Procter & Gamble) and tobacco-related companies have shown an upward trend despite the economic recession.
Companies are attempting to expand production in the U.S., but are taking a cautious stance due to supply chain relocation costs and risks.

5. Global Reactions and Future Prospects

Canadian Prime Minister Mark Carney expressed his determination to respond firmly and demanded the withdrawal of U.S. tariffs.
French President Macron mentioned the possibility of switching to Asian product imports and predicted avoidance of U.S. products.
China is suggesting the possibility of retaliating against tariff increases and preparing economic stimulus measures.
Institutions such as Moody’s, UBS, and JPMorgan are predicting increased inflation and slower GDP growth due to tariff increases, warning of the risk of economic recession.
Economists analyze that this tariff increase could trigger a supply shock, leading to side effects similar to the oil shock.
The market expects that investment sentiment will change rapidly depending on the effectiveness of Trump’s policies and the extent of the trade war.

The Nasdaq’s 5% plunge and Trump’s announcement of reciprocal tariffs are having a serious impact on the global economy.
As basic tariffs and reciprocal tariffs are implemented sequentially, concerns about trade wars and economic recession are growing both inside and outside the U.S.
Economic indicators show rising consumer prices, increasing layoff plans, and falling Treasury yields, indicating growing economic uncertainty.
Companies are experiencing burdens depending on their dependence on overseas production, and some are showing an upward trend mainly in essential consumer goods, but
major global countries are taking a strong response and negotiation stance, closely monitoring the future course of the trade war.
Regarding Trump’s tariff hikes, it is necessary to examine key keywords such as the global economy, trade war, tariff increases, market analysis, and the stock market.

[Related Articles…]
Development of the Tariff Crisis
Analysis of Trump's Tariff Policy

*YouTube Source: [내일은 투자왕 – 김단테]

– 나스닥 5% 대폭락! 트럼프 상호관세 후폭풍 총정리