Markets tumble as Trump slams Fed, stokes tariff tensions

American actions fell on Monday after former President Donald Trump intensified the attacks on the president of the Federal Reserve Jerome Powell and launched a new uncertainty about commercial policy, annoying investors.

The industrial average of Dow Jones fell by more than 971 points, or 2.48%, while the composite S&P 500 and Nasdaq each lost more than 2.36%and 2.55%, respectively. The sale was led by strong losses of technology, with Tesla and Nvidia down 7%and 6%, and Amazon, AMD and Meta each falling by around 4%.

In a social article of truth, Trump Rejection to Powell As “Mr. Too late, a major loser, ”exhorting the Fed to immediately reduce interest rates.

The former president launched the idea to withdraw Powell from his post, raising questions about the independence of the central bank.

The dollar has suddenly weakened, falling at its lowest level since 2022, while gold crowded A exceeded $ 3,400 per ounce for the first time recorded.

Bitcoin (BTC) also jumped before settling more than $ 87,000.

China vs. USA

The markets are also struggling with increased trade tensions. China reduced imports of various American products last month, certain articles having noted a complete stop of purchases, while the tensions of the trade war between the two largest economies have intensified.

China issued new warnings Countries that are considering trade agreements with the United States that could undermine Chinese interests.

Since Trump unveiled a new series of prices on April 2, the S&P 500 decreased by more than 8%, the Nasdaq and the DOW down almost 10%and 9%, respectively.

While the profits season increases, investors will wait closely to Tesla and alphabet reports for signs of new cracks in the economy.