U.S. Stocks Sink Ahead of Trump’s 104% Tariffs on China

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 8 April 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for April 8. U.S. stocks gyrated today but ultimately ended down as investors’ hopes for tariff resolution turned out to be unfounded. WSJ markets reporter Jack Pitcher walks us through what happened. Plus, investors looking for a guide to trading in turbulent times are turning to a book first published in 1997. Kevin Dugan, who covers business culture for the Journal, talks about why it is still resonating with investors. And Journal reporter Peter Grant discusses the potential impact of President Trump’s tariff blitz on the coastal industrial-property sector. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:33.5	U.S. stocks rally stalls ahead of 104% tariffs on China going into effect at midnight.
0:41.0	Plus, how do you trade in turbulent times?
0:43.8	Some investors are turning to a 1997 book for strategies.
0:47.2	Ever since the COVID pandemic, there's a really tremendous shift,
0:51.8	and the pre-2020 world is just very different from where we are today.
0:56.7	And we're seeing that a lot now with Trump's tariffs.
1:00.3	And how President Trump's tariff plan could send coastal commercial real estate into a tailspin.
1:06.8	It's Tuesday, April 8th. I'm Alex O'Sullough for the Wall Street Journal. This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:16.6	More volatility in the markets today.
1:20.6	There was a big bounce-back rally in the morning stemming from comments from Treasury Secretary Scott Besant,
1:26.6	who said that the Trump administration was open to negotiating to reduce tariffs.
1:31.3	But by the afternoon, the enthusiasm had stalled out, as U.S. trade representative Jameson Greer said Trump won't provide tariff exemptions for individual products or companies.
1:49.8	U.S. stocks capped off a volatile session in a down swing. The Dow rose more than 1,400 points early on, reflecting investors' faith that the administration may deliver on talks
1:55.8	of potential trade deals, but ultimately closed down about 0.8%. The S&P 500 fell about 1.6%. And the NASDAQ, which had rallied
2:05.3	more than 4% earlier, ended the day roughly 2.2% lower, blowing its biggest intraday gain since
2:12.2	at least 1982. I'm joined now by WSJ Markets reporter Jack Pitcher.
2:19.5	So, Jack, we saw a lot more volatility today.
	...

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