Wall Street opened this Friday in red after the president of the US, Donald Trump, accused China of violating the commercial agreement to reduce the high tariffs imposed by Washington.
Ten minutes after the bell touch, the technological Nasdaq dropped 0.59 %, to 19,063 integers; While the selective S&P 500 also backed 0.39%, to 5,888 points, and the Dow Jones of Industrials descended 0.25%, to stand at 42,108 points.
According to the publication of the US president in Truth Social, thanks to this commercial agreement between the two countries, Beijing had saved “a very bad situation”, although he did not specify the conditions in which China would have violated this agreement.
Both economic powers agreed a truce in their tariff war two weeks ago, in which the US taxes on Chinese products were reduced from 145 % to 30 %, while Beijing decreased those imposed by Washington from 125 % to 10 %.
On the other hand, the tariff uncertainty continues since an appeal court will raise yesterday the blockade ordered the previous day by another Federal Court to a good part of the tariffs imposed by Trump to its commercial partners.
Given this blockade, the previous day the stock markets received with optimism the decision of the Federal Court, which considered that Trump was exceeding their powers.
Lee: Appeals Court lifts the blockade against Trump’s tariffs
Yesterday’s measure that reverses this decision puts in pause “until again notice” the judgment of the International Trade Court – which paralyzed on Wednesday the global taxes announced on April 2 and others prior against Canada, Mexico and China – while the judges review the appeal motions presented by the Government.
At this start of the day, the data of the Personal Consumer Expenses Index (PCE) in the US has also been known, which closed April with an increase of 2.1% year -on -year, a figure slightly less than 2.3% of March, according to the Office of Economic Statistics (BEA).
The new indicator stood below the market expectation, in which it is the first report of this type that reflects the economic results after the application of tariffs. For analysts, these figures could be another sign that although an impulse is expected in the rise in prices due to these policies, this inflationary impact is not yet reflected in specific economic data.
Among the 30 quoted of Dow Jones, the profits were headed by Coca-Cola (0.66%), Walmart (0.57%) and McDonald’s (0.47%), and among the greatest losses, Nike (-1.37%), Boeing (-1.36%) and NVIDIA (-0.98%) stood out.
At this time, Texas oil dropped 0.49%, to $ 60.64 a barrel.
With EFE information
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