Wall Street Indexes Mixed as Trade War Escalates

Economy

9-04-2025, 20:06

+A -A

Followed by-INA

Wall Street's major indexes opened mixed on Wednesday after China announced additional tariffs on US goods in retaliation for the counter-tariffs imposed by US President Donald Trump, which took effect.

The new additional tariffs affect approximately 60 US trading partners and range from 11% to 50%, except China, whose products are now subject to a 104% tax.

European Union member states have agreed to impose retaliatory tariffs ranging from 10% to 25% on US imports, which the European Commission says will be implemented next week, April 15.

The European Union agreed on Wednesday to impose tariffs on US goods worth €21 billion. The European Commission approved a package of counter-tariffs on US aluminum and steel products.

China, meanwhile, responded again to US President Donald Trump's tariff policies by raising its tariffs on US imports to more than 80%.