The Wall Street stock exchange was trading mixed today after the President of the United States threatened to impose a 35% tariff on the European Union if it does not invest $600 billion in the American economy.
At approximately 2:42 PM in Lisbon, the Dow Jones advanced by 0.01% to 44,114.80 points, and the tech-heavy Nasdaq increased by 0.16% to 20,949.28 points.
Simultaneously, the broad S&P 500 fell by 0.49% to 6,299.19 points.
On Tuesday, Wall Street closed on a downtrend.
The Dow Jones ended down by 0.14% at 44,111.74 points, compared to its record high since the index’s inception in 1896, at 45,014.04 points, achieved on December 4, 2024.
The Nasdaq, an index of high-tech stocks, also closed lower, down 0.65% at 20,916.55 points, compared to its all-time high of 21,178.58 points, recorded on July 18.
The U.S. is starting to implement its new tariff plan today, which includes a global minimum of 10% and additional taxes starting from 15% for countries with a trade surplus with the U.S.
In the case of the European Union, a trade agreement was reached with the U.S. at the end of July. However, on Tuesday, President Donald Trump threatened to impose 35% tariffs if the bloc does not invest the $600 billion it pledged to inject into the U.S. economy.
