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The Guardian - US
The Guardian - US
World
Anna Betts and Lauren Aratani in New York

US stocks fall again as ex-Fed chair decries ‘self-inflicted wound’ of Trump’s tariffs

Donald Trump Chuck Schumer United States Republican Steven Horsford Ted Cruz Bill Ackman Chuck Grassley David Sacks Jamieson Greer
men look down while holding tablet computers
Traders work on the floor at the New York Stock Exchange on 10 April 2025. Photograph: Jeenah Moon/Reuters

US stocks fell again on Thursday after a historic rally following Donald Trump’s shock retreat on Wednesday on the hefty tariffs he had just imposed on dozens of countries.

The falls came as the president blamed “transition problems” for the market reaction and the sell-off deepened after a White House clarification noted that total tariffs on China had been raised by 145% since Trump took office.

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