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03:11
US: US stocks close mostly lower after Trump threatens China with additional tariffs
SHOTLIST: ***FILE FOOTAGE*** NEW YORK CITY, US (FEB. 25, 2025) (ANADOLU – ACCESS ALL) 1. EXTERIOR SHOT OF ENTRANCE OF NEW YORK STOCK EXCHANGE BUILDING 2. PEOPLE WALKING ON WALL STREET 3. SIGN ON POLE READING “WALL STREET 4. CLOSE-UP OF DIGITAL TICKER TAPE OVER DOOR OF NEW YORK STOCK EXCHANGE 5. EXTERIOR SHOT OF ENTRANCE OF NEW YORK STOCK EXCHANGE BUILDING (2 SHOTS) 6. US FLAGS WAVING OUTSIDE NEW YORK STOCK EXCHANGE BUILDING 7. CLOSE-UP OF DIGITAL TICKER TAPE OVER DOOR OF NEW YORK STOCK EXCHANGE 8. SIGN READING “NYSE, AN ICE EXCHANGE” 9. EXTERIOR SHOT OF NEW YORK STOCK EXCHANGE BUILDING 10. PEOPLE OUTSIDE NEW YORK STOCK EXCHANGE ***FILE FOOTAGE*** NEW YORK CITY, US (JUL. 09, 2024) (ANADOLU – ACCESS ALL) 11. VARIOUS OF SCREENS AND PEOPLE WORKING IN NYSE***FILE FOOTAGE*** NEW YORK CITY, US: US stocks ended the first trading day of the week mixed after US President Donald Trump threatened China with additional tariffs. Trump wrote on social media Monday that if China does not cancel its 34% increase in tariffs by Tuesday, he would impose 50% additional tariffs on the country. The additional tariff rate will take effect on Wednesday, he said. "Additionally, all talks with China concerning their requested meetings with us will be terminated!" Trump added. Last Wednesday, Trump announced the imposition of sweeping reciprocal tariffs on over 180 countries, ranging from 10% to 50%. Trump on Sunday defended his controversial trade policy, calling tariffs "medicine” for addressing the country’s trade deficit with many countries. "I don't want anything to go down, but sometimes you have to take medicine to fix something," Trump told reporters on Air Force One, saying he was not intentionally trying to engineer a market sell-off. Early Monday, reports that Trump was considering suspending tariffs based on reciprocity for 90 days caused short-lived optimism among investors and a temporary recovery in indices. However, after the White House denied the news and Trump threatened new tariffs against China, indices started to fall again. On the macroeconomic data side, consumer credit in the US fell by $810 million in February, widely missing market forecasts of an increase of $15.2 billion. The Dow Jones industrial average fell 0.91%, or 349.26 points, to end the day at 37,965.6. The S&P 500 also declined 0.23%, or 11.83 points, to 5,062.25. On the other hand, the Nasdaq composite inched up 0.1%, or 15.48 points, to 15,603.26. The VIX Index, also known as the “fear index,” rose 3.69% to 46.98.
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