The US stock market breaks down again as Trump threatens wine rates | Donald Trump

The Benchmark S&P 500 drops 1.39 percent, with the drag index over 10 percent below its peak in February.

The United States stock exchange has taken another destruction after the threat of US President Donald Trump to impose steep wine rates and other alcoholic products from the European Union.

The S&P 500 benchmark fell 1.39 percent on Thursday, scoring the index in correction – Wall Street Lingo for a decrease of 10 percent or more than a peak.

Corrections are not uncommon in the US stock market, which is constantly recovering from losses through its history, although they may be disturbing to investors in the short term.

The S&P 500 last entered the correction territory in October 2023, when the index dropped by 10.3 percent of its peak in July.

The Dow Jones Industrial average and technological composition NASDAQ also registers sharp decline, respectively falling by 1.30 percent and 1.96 percent.

The latter losses mean that US stocks have lost more than $ 5 trillion market value from their peak in February.

Trump back and forth Trade messages have discouraged marketsWith investors who are struggling to judge whether his tariffs are here to stay or are a tactic to negotiate to retrieve discounts.

“The main difference between the Trade War under Trump 1.0 and Trump 2.0 is a duration,” said the letter of Kobacey, a financial newsletter founded by Adam Kobacey, at X.

“In his first term, Trump's tariffs were accepted as more posture tactics. This time, the markets are rates for rates for longer for more trading partners. This is a material change. “

In his last trade on Thursday, Trump threatened to hit a 200 percent tariff Of wine, champagne and other EU alcoholic products.

Trump's threat came after Bloc has announced plans to impose a 50 percent tariff on US Bourbon whiskey since April 1 in response to US duties on steel and aluminum that came into force on Wednesday.

On Tuesday, Trump gave way to the threat to impose a 50 percent tariff for Canadian aluminum and steel After Ontario province has agreed to temporarily suspend the electricity export payment.

Trump and his assistants play the stock market turmoil as a transitional period for the economy.

“I think this country will grow. But as I said, I can do it the easy or difficult way, “Trump told reporters on Tuesday.

“The difficult way to do it is exactly what I do, but the results will be 20 times larger.”