Markets crashed, globally, after President Trump’s additional 100% tariff on China

US equity markets crashed on Friday, October 10^th, after US President Donald Trump announced additional 100% tariffs on Chinese goods coming to USA. These additional tariffs will come into force from November 1^st. The move came as a retaliation for China imposing controls on its exports of rare earth minerals to United States.

Nasdaq declined by more than 3% on Friday

Nasdaq ended the day, down by 820.20 points or 3.56%. Dow Jones ended the day, down by 878.82 points or 1.90%. S&P 500 ended the day, down by 182 points or 2.71%.

European markets also crashed

European markets also crashed on Friday. Euro Stoxx 50 ended the day, down by 94.24 points or 1.68%. Dax ended the day, down by 369.79 points or 1.50%. FTSE 100 ended the day, down by 81.93 points or 0.86%.

Asian markets start the day in red

Japanese equity markets are closed today due to Sports Day holiday.  At 9:00 a.m. 13^th October, 2025 South Korean Kospi is down by 48.34 points or 1.34%. Hang Seng is down by 791.58 points or 3.01%. Shanghai index is down by 49.91 points or 1.28%.

Indian markets likely to see a day in red

Indian markets are also likely to see a day in red today, following other foreign markets. The new tariffs imposed on China will further aggravate the ongoing trade war between US and China. Markets will also be impacted by the corporate results of companies. More companies will announce their September quarter results, in the coming days.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source: Dow Jones