A merchant works for the closing bell on the floor of the New York Stock Exchange on April 10, 2025.
Jeenah Moon | Reuters
Do you remember when inflation readings were the main news of the day, and were as feverishly anticipated by investors as Nvidia Ganings reports? CNBC Daily Open remembers. If the consumer price index on Thursday, which showed that prices really immerse the month and central inflation falling to the lowest since 2021, had been released before the chaos of rates unleashed by the president of the United States, Donald Trump, stored.
On the other hand, the US stock market fell on Thursday, since the relief rally of the previous day quickly lost steam. The feeling of investors was even more heavy for the confirmation of the White House that was imposing a 145% rate to imports from China, 20% higher than previously thought. That basically closes all trade between the two countries, according to Erica York, vice president of Federal Fiscal Policy at the Federal Fiscal Policy Center of the Federal Foundation.
To be fair, the March Consumer Price Index report does not take into account the changes in the price of tariff policies. If companies have to pay more than double for China’s goods, it is difficult to imagine them, also one with pockets as deep as Apple’s, absorbing the highest cost. The inflation report for April, then, could have an impact as large as any tariff news.
What you need to know today
Relia of Relief of Short Life
US actions fell on Thursday, renouncing the profits of the historical demonstration of the previous day, with accelerated losses after the White House confirmed to CNBC in Thorsday that the tariff rate would be a total of 145%. He S&P 500 It was 3.46%, the Dow Jones industrial 2.5% and the Nasdaq compound Fall 4.31%. He asked for his reaction to today’s market, the president of the United States, Donald Trump, said: “I have not seen it”, while Trump’s main commercial advisor, Peter Navarro, told CNN that the “setback” is not “is not a big problem.”
The recession is fine, depression is not
Trump said privately that he was aware that his broad and pronounced plan for the taxes presented last week could tip the economy in a recession, but did not want a depression, according to the Wall Street Journal, citing people’s family with conversations. Economists consider that depression takes place when a recession becomes more severe and implies greater unemployment and a longer recession.
Lower nucleus inflation in years
The US Consumer Price Index. UU. 0.1% fell seasonally in March, which puts the inflation rate of 12 months at 2.4%, below 2.8% in February. Central inflation, which excludes food and energy, increased 0.1% during the months and 2.8% in the year. That was the lowest annual rate for nucleus inflation as 2021. Wall Street had 2.6% leg inflation and 3% nucleus, according to Down Jones’s consensus.
It is unlikely that China devalue Yuan
The Yuan of the Chinese coast weakened to a minimum record of 7,4287 against the US dollar earlier this week after the Popular Bank of China established the midpoint rate at its weakest level since 2023. However, China will not be able to wake up to the health that a moment of health comes to us. Supposed by CNBC said.
Mixed day in Asia for assets
Asia-Pacific markets were mixed on Friday. Japanese Nikkei 225 Lost about 3.4% and the Kospi of South Korea fell 0.7%, but that of Hong Kong Hang Seng index It rose more than 1.8% and CSI 300 of Continental China added approximately 0.5%. The price of Gold futures It reached a new maximum of $ 3,226 per ounce of the Asian negotiation hours. Bitcoin Prices increased 1.8% to $ 80,951.20, mating some night losses.
[PRO] Effects of China’s tariffs on apple
Trump may have stopped tariffs on most of the US business partners, but it rose to China to amazing 145%. Applewhich is based on China for approximately 80% of its production capacity, has seen its stock this week. Analysts are divided on how Apple’s strategy could be.
And finally …
Machinery and vehicles ready for shipping at the spring of the Eastern Port of the Rama of the Port of Lianyungang in China, on September 27, 2024.
Cost photo | Nurphoto | Getty images
How China’s exporters are fighting to mitigate the impact of punishing American tariffs
The United States has raised tariffs to Chinese imports to triple digits. For China’s exhibitors, it means raising prices for Americans while accelerating plans to diversify operations and, in some cases, stop the shipments completely.
American consumers could lose access to certain products in June since American Sucane has stopped their plans to import textiles from China, said Ryan Zhao, director of Jiangsu Green Willow Textile.
Tony Post, CEO or the US Career Shoes Company. “I will have to increase prices and I don’t know how to certainly have in our business,” Post said. Before Trump began with tariffs, post predicted almost $ 100 million in revenue this year, mainly from the United States
