{"id":50853,"date":"2025-04-04T17:51:26","date_gmt":"2025-04-04T10:51:26","guid":{"rendered":"https:\/\/pediafx.com\/en\/china-responds-to-trump-gold-surges-nasdaq-plummets-and-oil-drops\/"},"modified":"2025-04-04T17:51:26","modified_gmt":"2025-04-04T10:51:26","slug":"china-responds-to-trump-gold-surges-nasdaq-plummets-and-oil-drops","status":"publish","type":"post","link":"https:\/\/pediafx.com\/en\/china-responds-to-trump-gold-surges-nasdaq-plummets-and-oil-drops\/","title":{"rendered":"China Responds to Trump! Gold Surges, Nasdaq Plummets, and Oil Drops"},"content":{"rendered":"

The reciprocal<\/em> policies initiated by U.S. President Donald Trump have prompted a swift reaction from China. Recently, the Chinese Finance Minister announced plans to increase tariffs on all imports from the United States by 34%, effective April 10.<\/p>\n

Following this announcement, the Nasdaq index fell significantly, tumbling to 18,098, which represents a decline of 549 index points from Thursday’s close. This marks the index’s lowest level in nine months. Concurrently, oil prices dropped by $4.51, settling at $62.10 per barrel, the lowest level since August 2021. Meanwhile, gold prices experienced a rebound, approaching the daily high of $3,116 per troy ounce.<\/p>\n

This escalation came just a day after President Trump revealed his own reciprocal<\/em> policy, which raised tariffs on Chinese products by 34%, effective April 9. With this reciprocal<\/em> approach, the total tariffs imposed by the United States on Chinese goods now stand at 54%.<\/p>\n

China’s retaliatory measures signal a potential widening of the trade war, especially since Trump has implemented reciprocal<\/em> policies affecting around 60 countries.<\/p>\n

The expansion of the trade conflict poses risks to global economic growth, which could adversely affect stock market indices. A slowdown in global economic growth may lead to decreased demand for oil, causing prices to plummet. In contrast, the demand for gold as a safe haven<\/em> investment may rise.<\/p>\n","protected":false},"excerpt":{"rendered":"

The reciprocal policies initiated by U.S. President Donald Trump have prompted a swift reaction from China. Recently, the Chinese Finance Minister announced plans to increase tariffs on all imports from the United States by 34%, effective April 10. Following this announcement, the Nasdaq index fell significantly, tumbling to 18,098, which represents a decline of 549 […]<\/p>\n","protected":false},"author":4,"featured_media":50852,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142,5173],"tags":[5175,5178,5168],"class_list":["post-50853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trading-analysis","tag-cls10","tag-nq","tag-xauusd"],"yoast_head":"\nChina Responds to Trump! 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